Wing Tai Holdings

SINGAPORE (Aug 24): Property group Wing Tai Holdings has announced earnings of $20.1 million for the FY17 ended June, nearly triple from its earnings of $7.1 million in FY16 on lower distribution expenses and increased share of profits of associated and j

SINGAPORE (Aug 23): The collective sale of privatised housing estate Normanton Park with a reserve price of $800 million will be closely watched, says CIMB Research.

SINGAPORE (Aug 16): CIMB is maintaining its “overweight” call on property development and investment stocks given robust home sales in July which doubled from June as volume takeup continued to outpace new launches. Its top picks include UOL, CapitaLa

SINGAPORE (July 27): A Keppel Land and Wing Tai Land JV has submitted the top bid of $446.3 million for a 99-year leasehold residential site in Serangoon North Ave 1.

SINGAPORE (July 12): A Chip Eng Seng consortium announced on Tuesday night it had put in the record winning bid of $1,110 psf ppr for a piece of land at Woodleigh Lane.

SINGAPORE (May 24): OCBC is maintaining its ‘buy’ on Wing Tai Holdings (Wing Tai) after the latter made an unconditional voluntary takeover offer for Wing Tai Malaysia Berhad (WTM).

SINGAPORE (May 23): Wing Tai Holdings has launched a $94 million takeover offer for Wing Tai Malaysia.

SINGAPORE (March 10): CIMB is upgrading Wing Tai Holdings to “add” with a higher target price of $2.05 on the back of what could be an earnings recovery in FY18.

SINGAPORE (Feb 6): Developer Wing Tai Holdings reported earnings of $3.2 million for 1HFY17, a 3% increase from the earnings of $3.1 million in the previous corresponding period.

SINGAPORE (Oct 28): Maybank Kim Eng is maintaining its “hold” rating on Wing Tai Holdings as it sees “limited upside” for the developer despite low valuations of 0.4 times book value. The research house is recommending investors look at Capitaland