APAC Realty - DBS Research 2023-02-24: Expect Recovery In 2H23

APAC Realty - Expect Recovery In 2H23

  • APAC Realty (SGX:CLN)'s FY22 revenue eased 4.7% to S$705.0m. The marginal decline in revenue is attributed to a lower volume of property transactions completed during the year, as a result of the latest round of cooling measures implemented by the government in September 2022, partially offset by the strong demand from both local home buyers and foreign investors. New home segment, which accounts for close to 40% of the total revenue, eased 1.0% to S$278.3m while revenue for the resale and rental segment was down 7.1%.
  • - Read this at SGinvestors.io -
  • - Read this at SGinvestors.io -
  • A final dividend of S$0.0275 was declared. This brings total dividend to S$0.0625, representing a payout ratio of 74.4% (excluding the fair value loss on convertible loan) or dividend yield of ~10%. See APAC Realty's dividend dates.

Stable market share.

  • Read more at SGinvestors.io.

Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.

Lee Keng LING DBS Group Research | https://www.dbs.com/insightsdirect/ 2023-02-24

Read also DBS's most recent report:
2024-03-01 APAC Realty - Modest Transaction Volume Growth Ahead.

Previous report by DBS:
2023-11-09 APAC Realty - Still Adjusting To Cooling Measures.

Price targets by 2 other brokers at APAC Realty Target Prices.

Listing of research reports at APAC Realty Analyst Reports.

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


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