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Stocks to watch: Wing Tai, Oxley, Heeton, Tiong Seng

  • 📰 BusinessTimes
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THE following companies saw new developments that may affect trading of their shares on Wednesday: Read more at The Business Times.

Wing Tai Holdings:, while its revenue slipped 41 per cent year on year. For the three months ended June 30, Wing Tai's net profit attributable to shareholders came in at S$18.1 million, down from S$131.3 million for the year-ago period. Its full-year net profit was down 79 per cent to S$46.8 million, from S$225.2 million.

Q4 revenue fell 57 per cent to S$100.43 million, mainly on lower revenue contribution from a project in the UK. Earnings per share dipped to 0.62 Singapore cent from 3.4 Singapore cents a year ago. Oxley is recommending a final dividend of 0.68 Singapore cent for the financial year. Together with an interim dividend of 0.32 Singapore cent that was paid in May, the full-year dividend for FY2019 is one Singapore cent per share. Last year, it paid out a final dividend of 0.78 Singapore cent.

 

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