|Bid||6.28 x 400000|
|Ask||6.39 x 400000|
|Day's Range||6.26 - 6.28|
|52 Week Range||4.45 - 6.64|
|Beta (3Y Monthly)||1.16|
|PE Ratio (TTM)||4.40|
|Forward Dividend & Yield||0.17 (2.87%)|
|1y Target Est||N/A|
Aug 14 (Reuters) - Wheelock and Co Ltd: * HY GROUP CORE PROFIT DECREASED BY 6% TO HK$5.2 BILLION * HY REVENUE DECREASED BY 47 PERCENT TO HK$17,577 MILLION * INTERIM DIVIDEND OF 50.0 CENTS PER SHARE WILL ...
There may be a silver lining for investors in Singapore property stocks after recent government curbs fueled a selloff in the sector. A S$598 million ($438 million) take-private offer for Wheelock Properties (Singapore) Ltd., which sent the stock to its highest level in more than eight years, has stoked speculation of more buyouts in the industry. Hong Kong-listed Wheelock & Co. proposed Thursday to buy the remaining shares of its Singapore unit for S$2.10 apiece, a 21 percent premium from its closing price on July 13.
A unit of Hong Kong-based developer Wheelock and Co Ltd said on Thursday it had launched an offer for all the shares of Singapore-listed subsidiary Wheelock Properties Singapore Ltd at S$2.10 each. Star Attraction Ltd, a wholly-owned indirect subsidiary of Wheelock and Co, said the voluntary unconditional general offer would allow Wheelock Property shareholders to realise their investment entirely in cash at above the highest closing price of the shares since January 2010. The offer values the company at over S$2.5 billion ($1.8 billion), Star Attraction said.