PropNex - UOB Kay Hian 2025-08-13: Home Run In Housing With Double-digit Growth & Double The Payout

• PropNex delivered a stellar 1H25 with PATMI more than doubling to S$42.3m, leading to a better-than-expected interim dividends of S$0.05.
• - Read this at SGinvestors.io -

Handily beating our and consensus estimates.

• PropNex (SGX:OYY) reported a blockbuster 1H25 with a 73% y-o-y increase in revenue to S$599m that led to its PATMI more than doubling y-o-y to S$42.3m and making up 79% of our full year forecast.
• - Read this at SGinvestors.io -
• For 2H25, we estimate dividend at S$0.03, thus resulting in a full year 2025 dividend of S$0.08 per share.

Follow-through from strength seen in 4Q24.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Previous report by UOB:
2025-02-26 PropNex - 2024 Earnings Missed Estimates But Investors Should Focus On 2025..

Price targets by 3 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