Singapore Stock Market News
Wing Tai Holdings - Slow and Steady
StockFanatic
Publish date: Tue, 29 Oct 2013, 03:43 PM
StockFanatic
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Shareholders still eligible for bumper divvy. We reiterate our BUY recommendation on Wing Tai, with a slightly higher TP of SGD2.80, pegged to a 30% discount to RNAV. While 1Q FYJun14 core earnings dipped both QoQ and YoY, we see that as a non-event, with the fairly successful launch of The Tembusu yet to contribute to earnings.
Shareholders are still eligible for the 12 cts/sh dividend (3 cts ordinary, 9 cts special) before the stock goes ex-div on 5 Nov.
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