Wing Tai Holdings

SINGAPORE (Feb 20): Global investment bank Jefferies says the increase in buyer’s stamp duty for residential properties in Singapore announced at Budget 2018 on Monday could put a slight dent in developer margins, but is unlikely to put the brakes on po

SINGAPORE (Feb 20): UOB KayHian remains positive on property stocks and REITs saying the raising of BSD (Buyers Stamp Duty) rate is more of revenue collection than a property cooling measure.

SINGAPORE (Feb 13): OCBC Investment Research is keeping Wing Tai Holdings on “buy” on the back of attractive valuations following the recent market correction.

SINGAPORE (Feb 12): Wing Tai reported 2Q17 earnings rose sixfold to $12.6 million from $2.1 million a year ago. This brings 1H17 earnings to $20.87 million from just $3.2 million a year ago.

SINGAPORE (Jan 4): Deutsche Bank Markets Research is bullish on the Singapore property sector in 2018 on the back of improved demand and supply dynamics.

SINGAPORE (Dec 14): OCBC Investment Research says upside remains even as 2018 is unlikely to see a repeat of the “stellar gains” this year.

SINGAPORE (Oct 25): DBS is maintaining its ‘buy’ call on Wing Tai Holdings with higher fair value of $2.77 on 1Q18 results which were broadly within expectations.

SINGAPORE (Oct 23): Property group Wing Tai Holdings saw its 1Q earnings ended Sept rise nearly eightfold to $8.2 million from $1.1 million a year ago, on the back of disposal gains and higher contributions from overseas associates.

SINGAPORE (Oct 20): Deutsche Bank is positive on Singapore’s property market as it expects pricing power to return to developers.

SINGAPORE (Aug 25): CIMB Research is maintaining its “add” recommendation on Wing Tai Holdings while lifting its target price to $2.32 from $2.05 previously, which is pegged at a 35% discount to  a revalued net asset value (RNAV) estimate of $3.57.