Hang Seng Index

What the Brokers Said

PUBLISHED : Sunday, 01 February, 1998, 12:00am
UPDATED : Sunday, 01 February, 1998, 12:00am

SING Tao Holdings is engaged principally in publishing, with its titles including the Sing Tao Daily and the Hong Kong Standard.

This time last year, SBC Warburg placed a buy on the stock, saying the company would benefit from an increase in advertising revenue.

This proved poor advice as shares have fallen due to concern about the company's outlook - even though earnings enjoyed a surge on speculation major shareholder Sally Aw Sian was selling out.

A year ago, Sing Tao shares traded at $3.65. Now they are at $1.70, having underperformed the Hang Seng Index by 33.04 per cent.