DBS Vickers Securities in a Feb 1 research report says: “2Q net profit jumped 142% to $54m due to progressive billings from Helios Residences and sale of 14 Belle Vue apartments in Q2, bringing take up to c.72% and 7 units at L’VIV. Associates’ income surged to $16.9 million, thanks to billings from Floridian with a further 18 units sold in the quarter (74% sold to date).
Posts Tagged ‘wing’
Wing Tai +0.6%; 2Q in line, valuation cheap – DMG
February 1st, 2011 |
No Comments
Wing Tai (W05.SG) is up 0.6% at $1.65, in line with the broader market after reporting 2QFY11 net profit of $53.9 million, up 142% on-year, on revenue of $197.8 million, up 13% on-year.
DMG, which has a Buy rating with a $2.20 target, says the results were within expectations; the strong performance was underpinned by higher contributions from three domestic residential projects and an improved performance from its 35%-owned HK associate.
Wing Tai posts 142% rise in 2Q earnings to $54m
January 31st, 2011 |
No Comments
Property developer Wing Tai Holdings reported a 13% rise in revenue to $197.8 million and a 142% increase in earnings to $53.9 million for the three months ended Dec 31, 2010. The company says it will keep a close watch on the property market and will at appropriate times release more residential units for sale in the current FY.
{jcomments on}
DMG likes Wing Tai, SC Global in high-end property
November 1st, 2010 |
No Comments
DMG says recent show flat visit for launch of prime condominium in Bukit Timah, with healthy visitor turnout, take-up, coupled with recent good sales of Allgreen’s (A16.SG) Suites at Orchard, “have reinforced our positive view on the high-end segment, where buyers are undeterred by the recent government measures.”
House understands that developers readying several high-end launches over next 3-6 months, i.e. Robinson Suites, Spottiswoode Residences, Helios Residences.
Oct 26: Yangzijiang, SGX, Wing Tai, GMG Global, MCL Land, Frasers Centrepoint Trust, OKP
October 26th, 2010 |
No Comments
Singapore shares may rise on Tuesday, helped by gains on Wall Street overnight as a falling dollar prompted investors to pick up riskier assets. Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.27% on Monday to 3,182.08 points. Here are some stocks and factors to watch, according to Thomson Reuters and Bloomberg:
Wing Tai Holdings($1.62) — Breaks below moving averages
September 6th, 2010 |
No Comments
Technically, some weakness is evident. Prices have fallen below the moving averages, and the 50- and 100-day moving averages appear poised for a dead cross at $1.68. If so, that level will likely turn into resistance.
Wing Tai, CityDev fall on government moves
August 30th, 2010 |
No Comments
Shares of property developers Wing Tai Holdings (WTHS.SI) and City Developments (CTDM.SI) fell more than 4% after the Singapore government announced measures to cool the residential property market.
Wing Tai and City Developments have relatively greater exposures to the mass residential segment of the market.
Wing Tai Holdings rated ‘hold’ by DBS
August 24th, 2010 |
No Comments
DBS Vickers Securities in an Aug 24 research report says: “For 4Q10, Wing Tai reported a net profit of $68.9 million, bringing in full year PATMI to $160.8 million, +600% y-o-y. Stripping out $20.7 million gains on investment properties revaluation, core net profit would be $140.1 million, +28.6% y-o-y.
Wing Tai +3%; High end exposure no big risk: Morgan Stanley
August 24th, 2010 |
No Comments
Wing Tai (W05.SG) +3% at $1.74 as developer’s return to profitability in June quarter encouraging investors to take another look at stock, which still trades below book value, unlike large-cap developers, says Dow Jones.
Orderbook quotes suggest shares may struggle to clear last week’s $1.75 high.
Wing Tai returns to black in Q4 with net profit of $69m
August 23rd, 2010 |
No Comments
Property developer Wing Tai Holdings reported a net profit of $68.92 million for the fourth quarter ended June 30, 2010 (4Q2010). This reverses the net loss of $53.88 million it made in 4Q2009.
Revenue for the three months was up 17% y-o-y to $222.35 million.
Wing Tai up on investor sentiment boost
July 20th, 2010 |
No Comments
Shares of Singapore-listed property developer Wing Tai (WTHS.SI) rose as much as 4.3% to a two-month high of $1.70 on Tuesday after Credit Suisse upgraded another key developer.
Credit Suisse upgraded City Developments (CTDM.SI) to “outperform” and the stock rose almost 3 percent in response.
“Gains in CityDev’s shares have helped to lift investor sentiment and led a rise in some of the leading mid-cap property plays today,” a local trader said.
Twitter @Earlybird Takes Wing with Disney Movie Offer
July 15th, 2010 |
No Comments
Twitter July 14 christened its @earlybird account by offering two-for-one movie tickets for the "The Sorcerer’s Apprentice" from Disney. @earlybird followers should see more exclusive deals from Twitter soon. – Twitter July 14 officially christened its @earlybird account by
offering two-for-one movie tickets to see the quot;The Sorcerer’s
Apprentice quot; film from Walt Disney Studios.
Twitter @earlybird Exclusive Offers lets advertisers promote deals and events on Twitter’s
new @earlybird account.
…
Wing Tai upgraded to Outperform by Macquarie
July 7th, 2010 |
No Comments
Macquarie has upgraded Wing Tai Holdings (W05.SG) to Outperform from Neutral on valuation grounds with stock underperforming STI by 10–12% over past 3-6 months, trading at 38% discount to house’s RNAV estimate, according to Dow Jones. Keeps target price at $1.88.
Firmer yuan good for SC Global, Wing Tai, Noble, says DMG
June 23rd, 2010 |
No Comments
China’s pledge for greater yuan flexibility positive for high-end developers in Singapore like SC Global (D2S.SG), Wing Tai (W05.SG), as well as for Noble Group (N21.SG), marginally beneficial for ComfortDelgro (C52.SG), says DMG, according to Dow Jones.
DMG says stronger yuan will increase appetite of Chinese to buy high-end homes outside of China, including Singapore, where they currently account for about 3% of total home sales.
Wing Tai +0.6%; Singapore home sales healthy, says UOB
June 15th, 2010 |
No Comments
Wing Tai Holdings (W05.SG) is up 1.2% at almost 4-week high of $1.62, extending yesterday’s 5.9% rally, as more analysts highlight developer’s investment merits.
Wing Tai raised to Outperform by CIMB, but cuts target price
June 14th, 2010 |
No Comments
CIMB has upgraded Wing Tai Holdings (W05.SG) to Outperform from Neutral on view price has been overly beaten down, according to Dow Jones.
Wing Tai +4%; chairman’s Buy positive, says KE
June 3rd, 2010 |
No Comments
Wing Tai (W05.SG) +4.0% at $1.55 on broad market uptick, news of chairman Cheng Wai Keung’s purchase of shares in open market, says Dow Jones.
Wing Tai hires Oversea-Chinese for $120m bond sale
May 20th, 2010 |
No Comments
Wing Tai Holdings, a Singapore-based company which operates restaurants and has property investments, plans to sell $120 million of 3.3 %, five-year notes, according to data compiled by Bloomberg.
Oversea-Chinese Banking Corp. was hired to manage the sale, the data show.
{jcomments on}
Wing Tai Holdings posts 91% rise in 9M net profit to $604m
May 13th, 2010 |
No Comments
Developer Wing Tai Holdings says group revenue increased 91% to $603.9 million in the nine months ended 31 March 2009 from $315.9 million in the corresponding year earlier period.
Wing Tai says the increase is mainly due to higher contributions from the development properties division as more units were sold in the quarter, including units sold in Belle Vue Residences and units in The Riverine by the Park in Singapore that were progressively recognised.
Few positive catalysts for Wing Tai, say analysts
February 8th, 2010 |
No Comments
Gains of Wing Tai Holdings (W05.SG) are likely to be driven by broad market rebound than slight improvement in December quarters earnings, which came in below expectations of some analysts.
Resistance is tipped at five-day moving average, last at $1.80, with support at $1.70 (last breached in December).