PropNex - Maybank Research 2023-06-01: Follow The Leader; Don’t Bet Against It

PropNex - Follow The Leader; Don’t Bet Against It

Published:
PropNex (SGX:OYY) | SGinvestors.ioPropNex (SGX:OYY)
  • During 19-22 May, PropNex's Executive Director Kelvin Fong acquired 748,200 shares in the open market at an average price of S$1.02 per share. This lifted his direct and deemed interest in PropNex to 8.85% from 8.75%.
  • - Read this at SGinvestors.io -

Transaction volumes to improve with more supply

  • The recent hike in Additional Buyer’s Stamp Duty (ABSD) rates was meant to moderate investment demand and will complement government efforts to ramp up supply to ease the tight housing market for both owner-occupation and rental.
  • - Read this at SGinvestors.io -
  • On the public housing front, HDB will also launch up to 23,000 flats this year, and another ~40,000 new flats in total from 2024-25, subject to prevailing demand.

Take-up of recent launches remains healthy

  • Read more at SGinvestors.io.




Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.




Eric Ong Maybank Research | https://www.maybank-ke.com.sg/ 2023-06-01



Read also Maybank's most recent report:
2024-02-28 PropNex - Momentum Stalls; Downgrade To HOLD.

Previous report by Maybank:
2023-08-10 PropNex - Weak 1H23; Expect A Stronger 2H23.

Price targets by other brokers at PropNex Target Prices.

Listing of research reports at PropNex Analyst Reports.

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





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