Wing Tai Holdings

State of the SGD corporate perpetual market - THE EDGE SINGAPORE

Bonds and treasuries

State of the SGD corporate perpetual market

Diamonds are forever, perpetuals may be likewise.

Company in the news

Wing Tai China acquires 50% remaining shares in Winnoma Investment for $25.6 mil

Post-acquisition, Winnoma will become a wholly-owned subsidiary of WTC.
Wing Tai 'taking flight' with FY2022 results, dividends a 'positive surprise': DBS - THE EDGE SINGAPORE

Broker's Calls

Wing Tai 'taking flight' with FY2022 results, dividends a 'positive surprise': DBS

The DBS analysts have maintained their “buy” call and TP of $2.05.

Results

Wing Tai reports 222% surge in FY2022 earnings of $140.2 mil from higher contributions from associated and JV companies

Wing Tai has declared a total dividend of 6 cents per share for the FY2022.

Broker's Calls

DBS starts Wing Tai at 'buy' with TP of $2.05

Potential catalysts to Wing Tai’s share price include successful GLS and en bloc tenders: DBS.
Wing Tai to acquire Lakeside Apartments in collective sale   - THE EDGE SINGAPORE

Property

Wing Tai to acquire Lakeside Apartments in collective sale

Wing Tai to acquire Lakeside Apartments in collective sale for $273.89 million

M&A

Wing Tai acquires remaining 50% interest in 464 St Kilda for A$49.4 mil

Wing Tai acquires remaining 50% interest in St Kilda property for A$49.4 mil

Results

Wing Tai Holdings sees 5% dip in 1HFY2021 earnings to $53.8 mil

As at Dec 30, 2021, the group’s net asset value (NAV) per share was $4.18.
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