Wing Tai Holdings

SINGAPORE (Oct 27): Property group Wing Tai Holdings has posted a 48% drop in earnings to $1.1 million for 1Q17, on the back of a 59% decrease in revenue to $70.2 million.

SINGAPORE (Sept 21): Despite the resale market remaining vibrant in August, with 750 caveats lodged, OCBC Research is maintaining its “neutral” call on the property sector, citing physical oversupply for 2016 to 2017.

SINGAPORE (Aug 22): Property group Wing Tai Holdings posted FY16 earnings of $7.08 million for the year ended 30 June, 95% down from $150.3 million in FY15 on lower operating profit and lower fair value gains.

SINGAPORE (July 12): Deutsche Markets Research has upgraded Wing Tai Holdings to “buy”, with a target price of $1.90. This comes as the research house calls the stock a “strong value proposition” in a report dated Monday.

SINGAPORE (July 8): Daiwa has maintained its “buy” call for City Developments (CDL), with a target price of $11.21.

SINGAPORE (July 5): Wing Tai Holdings is divesting its 50% stake in the 156-unit Nouvel 18 to City Developments for $410.96 million. Following the transaction, CDL will own 100% of the property.