SING Tao Holdings

PUBLISHED : Sunday, 20 July, 1997, 12:00am
UPDATED : Sunday, 20 July, 1997, 12:00am

SING Tao Holdings is principally engaged in publishing in Hong Kong where it produces the Sing Tao Daily and The Hong Kong Standard.

Last year SBC Warburg put a sell on the stock, saying Sing Tao Daily was unlikely to recoup the 5 per cent drop in circulation it suffered when failing to enter the circulation price war last year.

This proved good advice. A year ago, Sing Tao traded at $4.625. Now it is worth $2.90, having trailed the HSI by 58.79 per cent. SBC Warburg has a buy on the stock.