APAC Realty - DBS Research 2025-01-06: All Guns Blazing

• APAC Realty is one of the leading players in the real estate brokerage industry, with a presence in 17 Asia Pacific countries.
• Through its ERA franchise network, the group has one of the largest brand footprints in Asia. The franchise model also provides APAC Realty with the ability to build its regional presence and network in a capital-efficient manner.

APAC Realty to benefit from improving sales momentum.

• - Read this at SGinvestors.io -
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Rebound in profitability to boost share price.

• Looking ahead, the normalisation of market volumes in 2025, particularly in the primary sales segment, bodes well for APAC Realty. The property agency’s net profit after tax is projected to rebound strongly from FY25F.
• Historically, APAC Realty's share price has responded positively to an uptick in
  1. overall private property market transactions and
  2. primary sales, although the latter tends to be more volatile and dependent on launch timelines and take-up rates.

Upgrade to BUY with higher target price

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Tabitha FOO DBS Group Research | Derek TAN DBS Group Research | https://www.dbs.com/insightsdirect/ 2025-01-06 SGinvestors.io

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