Wing Tai Holdings

Broker's Calls

Strong value proposition for Wing Tai

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.

Broker's Calls

CDL kept at ‘buy’ by Daiwa following acquisition of remaining 50% stake in Nouvel 18

SINGAPORE (July 8): Daiwa has maintained its “buy” call for City Developments (CDL), with a target price of $11.21.
Nouvel 18

Wing Tai divests 50% stake in Nouvel 18 to CityDev for $411 mil

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.
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