APAC Realty - Still Going Strong In 3Q
- 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 2021-11-15
Previous report by CGS-CIMB:
2021-08-13 APAC Realty - A Big Dividend Surprise
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