Listed real estate agency APAC Realty has increased its equity interest to 31.7% from 28.7% in SoReal Prop. On August 19, APAC Realty’s wholly-owned subsidiary Electronic Realty Associates (ERA) subscribed for 605,175 ordinary shares in the enlarged share capital of SoReal Prop for a total conside...

PhillipCapital’s head of research Paul Chew has downgraded APAC Realty to “neutral” from “accumulate” on “weaker-than-expected” 1H20 results. The lower recommendation comes despite the group, which runs the property agency ERA, reporting higher profit after tax and minority interests (...

DBS Group Research continues to rate APAC Realty “hold” with a target price of 40 cents, slightly lower than 41 cents previously. This is despite the group recording a 52% y-o-y jump in 1H20 earnings to $7.8 million, with revenue increasing by 6% to $172.8 million, as it generated higher fees fr...

APAC Realty, which runs the property agency ERA, has reported a 6% y-o-y growth in revenue to $172.8 million for 1HFY20, as it generates higher fees from helping developers launch new projects. However, thanks to lower financing and marketing costs, the company was able to report a 52% y-o-y surge i...

APAC Realty on Tuesday (July 28) announced that Desmond Tan will be stepping down from his roles of independent non-executive director, chairman of remuneration committee and a member of audit committee and nominating committee with effect from July 27. Tan will be assuming the roles of Minister of ...

SINGAPORE (June 11): DBS analyst Ling Lee Keng has maintained her “hold” call on APAC Realty with a target price of 41 cents from 52 cents previously. The new target price represents a 3% downside from the real estate agency’s share price, and is based on its average forward price-to-earnings ...

SINGAPORE (June 10): Listed real estate agency APAC Realty, which operates the ERA brand, said that real estate market transactions “plunged” in the months of April and May due to the circuit breaker measures, which ended on June 1. Despite the “unprecedented challenges”, the agency achieved...

APAC Realty Price targets: CGS-CIMB “Add” 53.8 cents RHB “Buy” 60 cents Have a premium account? Sign in to continue reading. Unlimited access to all stories from $4.99/month* ...

SINGAPORE (June 3): CGS-CIMB Research analyst Lock Mun Yee is reiterating an “add” call on real estate services provider APAC Realty with a target price of 53.8 cents, translating to an upside of 32.8% for the counter.  In a Tuesday report, Lock notes that new home sales year to date, inclusive...

SINGAPORE (June 2): While Covid-19 has affected the outlook of Singapore’s residential sector, RHB analyst Vijay Natarajan believes the market might see a price correction instead of a collapse. This is due to low interest rates, lesser room for developers to cut prices on limited margins, and suf...