Some of the Emerging Market Upgrades from leading Emerging Markets Analyst Shayne Heffernan this week, Wing Tai, STX OSV, Bangkok Expressway.
Wing Tai Holdings Limited SIN:W05 has been upgraded to a strong buy with a 2012 price target of $4 SGD issued today by Shayne Heffernan.
Wing Tai Holdings Limited is a Singapore-based investment holding company. The Company, through its subsidiaries, is a property developer and lifestyle company in Singapore. It operates in four segments: development properties, investment properties, retail and other.
Its other operations consist of garment manufacturing and investment holding. The Company operates in Singapore, the People’s Republic of China/Hong Kong and Malaysia. Its properties held for sale include Ascentia Sky, Belle Vue Residences, Helios Residences, L’VIV, Plaza DNP, Sering Ukay, Verticas Residensi, Forfar, Seymour, The Lakeside and The Lakeview.
The Company’s residences include Lanson Place Winsland Residences and Lanson Place Ambassador Row Residences. The Company’s subsidiary is DNP Holdings Berhad. As of June 30, 2010, the Company held 50% interests in Summervale Properties Pte Ltd, Burlington Square Investment Pte Ltd and Burlington Square Properties Pte Ltd.