Wing Tai Holdings

SINGAPORE (Aug 29): Wing Tai reported 4Q18 earnings of $129.8 million versus $9.5 million in 4Q17 on an 80% increase in turnover to $105.8 million.

SINGAPORE (Aug 28): Wing Tai Holdings announced earnings of $218.8 million for FY18, up nearly 11-fold from its full year earnings of $20.1 million a year ago, due to higher revenue as well as increased share of profits of associated and joint venture (JV

SINGAPORE (July 24): While the recent cooling measures should further slow down project sales for Wing Tai, the property group has been prudent, winning only a single land parcel in the current cycle.

SINGAPORE (June 28): UOB KayHian sees value in Singtel, City Developments, CapitaLand Commercial Trust, OCBC, Keppel Corp and Wing Tai within its universe of stocks which have corrected more than 15% from the 52-week high.

SINGAPORE (May 10): Property group Wing Tai Holdings reported an eightfold surge in 9M earnings ended March to $89 million from $10.6 million a year ago.

SINGAPORE (Apr 17): Wing Tai Holdings and Australia-listed Abacus Property Group are jointly acquiring an office building at 464 St Kilda Road in Melbourne, Australia, for A$95.38 million ($97.18 million).

SINGAPORE (Apr 4): Singapore’s property sector will see a strong growth, especially in its private residential prices and real estate investment trusts (REIT), according to Jeffries.

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.