Wing Tai Holdings

SINGAPORE (May 10): Regional property and lifestyle group Wing Tai Holdings saw its earnings plunge 85% to $10.1 million for the 3Q19 ended March, from $69.0 million a year ago.

SINGAPORE (Feb 13): Regional property and lifestyle group Wing Tai Holdings has reported 1H19 earnings of $18.2 million, 14% down from $21.1 million a year ago in the absence of a one-off gain on disposal of a subsidiary.

LONDON (Sept 4): Samsung Life Insurance Co. is in talks to sell Commerzbank AG’s City of London headquarters to Singapore-based Wing Tai Holdings, two people with knowledge of the matter said.

SINGAPORE (Aug 29): Wing Tai reported 4Q18 earnings of $129.8 million versus $9.5 million in 4Q17 on an 80% increase in turnover to $105.8 million.

SINGAPORE (Aug 28): Wing Tai Holdings announced earnings of $218.8 million for FY18, up nearly 11-fold from its full year earnings of $20.1 million a year ago, due to higher revenue as well as increased share of profits of associated and joint venture (JV

SINGAPORE (July 24): While the recent cooling measures should further slow down project sales for Wing Tai, the property group has been prudent, winning only a single land parcel in the current cycle.

SINGAPORE (June 28): UOB KayHian sees value in Singtel, City Developments, CapitaLand Commercial Trust, OCBC, Keppel Corp and Wing Tai within its universe of stocks which have corrected more than 15% from the 52-week high.

SINGAPORE (May 10): Property group Wing Tai Holdings reported an eightfold surge in 9M earnings ended March to $89 million from $10.6 million a year ago.

SINGAPORE (Apr 17): Wing Tai Holdings and Australia-listed Abacus Property Group are jointly acquiring an office building at 464 St Kilda Road in Melbourne, Australia, for A$95.38 million ($97.18 million).

SINGAPORE (Apr 4): Singapore’s property sector will see a strong growth, especially in its private residential prices and real estate investment trusts (REIT), according to Jeffries.