- PropNex (SGX:OYY)’s FY24 performance. Net profit of S$40.9mil (-14.4% y-o-y) missed our estimates, as earnings from strong private new home transactions in Nov-24 will only be recognised in 3-4 months later in 1H25.
- - Read this at SGinvestors.io -
Highest dividend since listing at 7.75 cents, boosted by special dividend to celebrate its 25th anniversary; more to come in FY25.
- A final dividend of 3.00 cents per share along with a special dividend of 2.50 cents per share brought the total FY24 payout to 7.75 cents per share, translating to a payout ratio of 140.1%. See PropNex's dividends payout dates.
- - Read this at SGinvestors.io -
Setting the stage for an exceptional year.
- Read more at SGinvestors.io.
Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.
Derek TAN DBS Group Research | Tabitha FOO DBS Group Research | https://www.dbs.com/insightsdirect/ 2025-02-26
Previous report by DBS:
2025-01-06 PropNex - Ace Of Spades In Singapore Property.
Price targets by 4 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
