- 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.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Adrian LOH UOB Kay Hian Research | https://research.uobkayhian.com/ 2025-01-22
Previous report by UOB:
2024-11-05 PropNex - Solid Outlook For The Next 12-18 Months.
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
