- PropNex (SGX:OYY) operates a highly cash-generative business with an asset-light model, allowing it to deliver returns to investors through high dividend payouts.
- PropNex is a solid dividend yield play with expected FY25 dividend yield of 5.6% (based on 20 Jan 2025’s closing share price)
Momentum from the November new launch sales should support a healthy take-up rate, bolstered by a strong pipeline of new launches in 2025
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- With ~11,000 new private homes expected in the pipeline (excluding executive condos), and a strong appetite among condo buyers alongside relatively stable prices, transaction volumes are anticipated to remain robust in 2025, driving profitability growth for PropNex.
Share price rose on Minister’s signal of no immediate property cooling measures
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
Donovan Tan OCBC Investment Research | https://www.iocbc.com/ 2025-01-21
Previous report by OCBC:
2024-11-22 PropNex - A Stronger 2H24 Indeed.
Price targets by 2 other brokers at PropNex Target Prices.
Listing of research reports at PropNex Analyst Reports.
Relevant links:
PropNex Share Price History,
PropNex Announcements,
PropNex Dividend Payout Dates & Corporate Actions,
PropNex News
