PropNex - DBS Research 2025-02-26: Hitting A Home Run

• 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/.

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