Wing Tai Holdings

Cheng family raises stake in Wing Tai; funds sell PLife REIT and The Hour Glass

On July 9, Fidelity sold 347,700 shares of luxury watch purveyor The Hour Glass for $511,398 or an average of $1.47 each.
Wing Tai Holdings posts 73% growth in 1H20 earnings to $56.8 mil - THE EDGE SINGAPORE

Results

Wing Tai Holdings posts 73% growth in 1H20 earnings to $56.8 mil

Earnings per share (EPS) for the period came in at 6.53 cents on a fully diluted basis.

Broker's Calls

Analysts mixed on Wing Tai Holdings following its 2H20 net loss of $16.8 mil

CGS-CIMB has upgraded the stock to "buy", while OCBC has reduced its target price despite maintaining its “buy” recommendation.

Disruption and Digitalisation

Data is the new black gold

SINGAPORE (Sept 23): In a few fiery moments, the drone strikes on Saudi Aramco’s main facility at Abqaiq cut 5% off the global oil supply. Oil prices surged as much as 20% when the markets reopened as analysts scrambled to make sense of the impact. The

Markets

British currency takes a pounding as Queen approves Parliament suspension plan

SINGAPORE (Sept 2): The British pound dropped over 1% as newly minted Prime Minister Boris Johnson gained approval from Queen Elizabeth II to suspend Parliament, a move many say will devastate any attempts by members of Parliament to stop a no-deal Brexit

Results

Wing Tai FY19 earnings down 79% to $46.8 million on lower revenue and contributions from development properties

SINGAPORE (Aug 27): Property group Wing Tai holdings reported FY19 earnings of $46.8 million, down 79% from $225.2 million recorded at the end of FY18.

Results

Wing Tai posts 85% drop in 3Q19 earnings to $10.1 mil on lower share of profits of associates, JVs

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.

Results

Wing Tai announces 14% lower 2H earnings of $18.2 mil in absence of one-off gain

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.

Property

Wing Tai in talks to buy Commerzbank's London HQ from Samsung: sources

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.
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