- After hitting an all-time high of S$2.59 in late-Oct 25, PropNex's share price has taken a breather. In our view, this is an opportunity for investors given multiple near-and medium-term catalysts. These include an over 80% y-o-y increase for its 2025 net profit on our estimates (expected announcement end-Feb 26), potential special dividend that could be announced at these results given the company’s profit and cash generation, and our expected solid outlook for new launches in 1H26.
- - Read this at SGinvestors.io -
Solid outlook for new launches.
- Our analysis indicates that there are a number of new launches packed into 1H26 and thus any positive newsflow should reflect positively on PropNex's share price.
- - Read this at SGinvestors.io -
HDB prices higher, offset by lower volumes.
- In 2025, HDB resale flat prices rose 2.9% (2024: +9.7%) as new flat supply and market conditions tempered price increases vs the prior year. Offsetting this was transaction volume of 25,256, implying a 12% y-o-y decline. Despite this, a significant number of resale flats fetched over S$1m in 2025 with the news headlines focusing instead on S$1.5m as the new benchmark, implying resiliency in certain HDB segments vs the broader resale market.
Positive earnings revision momentum.
- Read more at SGinvestors.io.
