PropNex - Phillip Securities 2025-02-27: Bumper 25th Anniversary Expected

• PropNex's earnings and balance sheet have been much more resilient than expected. The company enjoys a 64% market share in the units transacted backed by 12,636 real estate agents in Singapore. It pays a dividend yield of 5.8%, supported by net cash (and fixed income securities) of S$152mil and a potential special dividend for its 25th anniversary.
• - Read this at SGinvestors.io -
• Momentum in new home sales is robust. Response to new project launches is 3-4x available units. Rising public housing prices, population growth, falling interest rates, and a stable employment market support demand.

The Positive

Asset light, high operating FCF.

• - Read this at SGinvestors.io -

The Negative

Weak project marketing or new home sales.

• Read more at SGinvestors.io.

Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Previous report by Phillip:
2024-08-16 PropNex - Stronger 2H24 Expected.

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