Singapore Stock Market News
Wing Tai - Financially sound and nimble
StockFanatic
Publish date: Tue, 28 Jan 2014, 12:23 PM
StockFanatic
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■ We expect profits from Foresque Residences and The Tembusu to underpin earnings in the upcoming quarters. The Crest is likely to be launched within the next two months.
■ We like Wing Tai's deep value, backed by its strong management and robust balance sheet. Maintain BUY and TP of SGD2.60, pegged to a 35% discount to RNAV of SGD4.00.
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