- PropNex offers a defensive yield of 5.6% for 2025. With 2025 being PropNex’s 25th anniversary, it could look to reward its shareholders with one or more special dividends.
Sequentially strong earnings in 2H24 and into 2026.
- - Read this at SGinvestors.io -
- Singapore saw >100% h-o-h increase in the number of new units launched in 2H24 with another 76% h-o-h growth in 1H25. Given the timing of revenue recognition, we expect stronger sequential profits to be reported for 2H24, 1H25 and 2H25.
Market share remains high.
- - Read this at SGinvestors.io -
- In 2H24, the high demand that resulted in balloting for units meant that the company had to depend somewhat on luck. For example, PropNex sold 230 units at Chuan Park (or 46% market share) while at Nava Grove it sold 191 units or 53% market share.
Potential special dividend.
- Read more at SGinvestors.io.
