Here’s why Wing Tai can start hoping for a stronger balance sheet now

24 Aug 2016 - Singapore Business Review
Improvements could come after it sold its 50% stake in Nouvel 18. After posting a 98% dip in its net profit, property developer and lifestyle company Wing Tai Holdings Ltd. would still have to face tough times as buying sentiments is expected to remain subdued in the city-state. According to OCBC Investment ...
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Wing Tai's net profit sinks 98% to $1.88m

23 Aug 2016 - Singapore Business Review
Blame it on the lower value gains on investment properties. Property developer and lifestyle company Wing Tai Holdings Ltd. has posted an overwhelming decline in its net profit for the quarter ending in June 30, 2016, with the amount diving 98% from $116 million in the previous quarter to $1.88 million. ...
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The Week Ahead: Will Rates Rise In September?

20 Aug 2016 - The Motley Fool Singapore
All eyes will be on Janet Yellen at the annual Jackson Hole symposium of central bankers. The Fed Chief will be acutely aware that whatever she says will be dissected to the nth degree for the minutest of clues as to when the Federal Reserve will hike interest rates, if at all, this year. It is time ...
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Can These Property Companies Be Considered As Bargains Now?

12 Aug 2016 - The Motley Fool Singapore
If you haven’t heard, the construction and property development outfit Sim Lian Group Ltd (SGX: S05) had announced a privatization offer earlier this week. Its controlling shareholders have offered to buy up shares of the company that they don’t yet own for S$1.08 apiece. At that price, Sim Lian is valued ...
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Wing Tai's net profit slips 27% to $2.1m in Q3

9 May 2016 - Singapore Business Review
Due to slower residential sales. Wing Tai reported that its third-quarter net profit dropped 27% year-on-year to $2.1 million, on back of continued headwinds in the residential market. The group's net profit also declined due to a one-off $21.1 million gain in the corresponding period last year, related ...
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Wing Tai’s Q2 earnings dip 5% to $120.6m

15 Feb 2016 - Singapore Business Review
Blame it on lower contributions and climbing costs. Battered by tapered property development contributions, climbing tax rates, and increased administrative costs as Singapore retails outlets closed, Wing Tai’s earnings for the second quarter of FY16 crashed 85% YoY to $1.1m. Meanwhile, the group’s topline ...
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These 2 Companies May Be Massively Undervalued Stocks

15 Feb 2016 - The Motley Fool Singapore
The Straits Times Index (SGX: ^STI) is currently below 2,600 points after dropping close to 12% since the start of the year. The index’s decline is a sign that many companies are experiencing falling prices as well. With lower prices come the possibility of finding bargains. In here, I’d be looking at ...
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A Mini Tour of Singapore's Real Estate Companies

11 Feb 2016 - The Motley Fool Singapore
Singapore has its fair share of real estate companies. Within the Strait Times Index (SGX: ^STI), Singapore’s market barometer, are companies such as CapitaLand Limited (SGX: C31), City Developments Limited (SGX: C09), Global Logistic Properties Ltd (SGX: MC0), and Hongkong Land Holdings Limited (SGX: ...
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Wing Tai’s net profit plummets by 90% to $3.1m

5 Feb 2016 - Singapore Business Review
On back of its anemic Singapore and Malaysia performance. The property firm didn’t have the one-off boost it enjoyed during the last comparable period, as it saw its net profit plunge by 90%. According to a report by Maybank Kim Eng, sales recognition for Wing Tai was broadly in line, and sales for the ...
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These 2 Companies Are Buying Back Their Shares – Are They Bargains?

2 Feb 2016 - The Motley Fool Singapore
Every now and then, I like to keep track of companies which have been buying back their own shares. That’s because share buybacks may be a sign that a company’s stock is undervalued. Peter Lynch, the legendary manager of the U.S.-based Fidelity Magellan Fund, also included buybacks as one of the criterion ...
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