Wing Tai Holdings

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

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.