APAC Realty - CGS-CIMB Research 2021-11-15: Still Going Strong In 3Q

APAC Realty - Still Going Strong In 3Q

APAC REALTY LIMITED (SGX:CLN) | SGinvestors.ioAPAC REALTY LIMITED (SGX:CLN)
  • APAC Realty (SGX:CLN)'s 9M21 net profit of S$26.1m was ahead of our expectation, at 85% of our FY21F forecast.
  • Higher commissions across all market segments boosted 9M21 performance.
  • Reiterate ADD rating on APAC Realty with a higher target price of S$0.996.
  • We lift our FY21-23F earnings per share forecast for APAC Realty by 11-17.2% to reflect the better-than-expected 3Q performance.



Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.



LOCK Mun Yee CGS-CIMB Research | https://www.cgs-cimb.com 2021-11-15
SGX Stock Analyst Report ADD MAINTAIN ADD 0.996 UP 0.960




Previous report by CGS-CIMB:
2021-08-13 APAC Realty - A Big Dividend Surprise

Check out the most recent target prices at APAC Realty Target Prices. Listing of analyst research reports at APAC Realty Analyst Report.

Relevant links:
APAC Realty Share Price History,
APAC Realty Announcements,
APAC Realty Dividends & Corp Actions,
APAC Realty News Articles





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