Analysts are positive on Singapore’s residential sector in view of strong new launch sales momentum year-to-date (ytd) with take up rates at around 83% during launch weekends compared to 43%-64% in the past two years.The Singapore residential market is gearing up for two launches in September – ...

Maybank Securities analyst Eric Ong has initiated “buy” on PropNex, as he sees the group currently hovering “in pole position”. PropNex is currently the largest real estate group that’s listed on the Singapore Exchange (SGX).In his report dated Aug 29, Ong has pegged a target price estimat...

RHB has downgraded Apac Realty to “neutral” from “buy” with an unchanged target price of S$0.75, following the release of the real estate services provider’s <a href="https://www.businesstimes.com.sg/companies-markets/apac-realty-posts-21-... target="_blank">re...

THE following companies saw new developments that may affect trading of their securities on Wednesday (Aug 10):

DBS Group Research has kept its “hold” call on APAC Realty with an unchanged target price of 67 cents, following a slight earnings dip reported by the property agency for its 1HFY2022.The company, which operates the ERA franchise, plans to pay an interim dividend of 3.5 cents per share for 1HFY2...

APAC Realty, which runs the ERA property agency business, has reported earnings of $16.6 million for 1HFY2022 ended June, down 2.8% y-o-y. Revenue in the same period dipped by 4.4% y-o-y to $342.6 million.The company attributes the performance to a lower volume of resale and rental transactions brok...

REAL estate services provider Apac Realty reported earnings of S$16.7 million for the first half ended June, some 2.1 per cent lower than earnings of S$17 million in the year-ago period.

The provider of manufacturing services for consumer gadgets Valuetronics Holdings has been steadily buying back its own shares. The most recent transaction was on July 12 for the acquisition of 80,000 shares on the open market at 52.5 cents each. This brings the cumulative number of shares acquired ...

CGS-CIMB Research analyst Lock Mun Yee is keeping her “add” call on APAC Realty as the company’s net profit for the 1QFY2022 made up 31% of her forecast for the FY2022.On June 17, APAC Realty reported net profit of $9.0 million, which was up by 20% y-o-y. Total revenue improved by 12% y-o-y to...

CGS-CIMB cut its target price on real estate services provider Apac Realty to S$0.84 from S$0.93 amid a decline in its market share.

THE following companies saw new developments that may affect trading of their securities on Monday (Jun 20):

In business updates for 1QFY2022, APAC Realty announced total revenue of $171.1 million, up 12% y-o-y, with new new home brokerage revenue up 42% to $77.2 million; and resale and rental brokerage revenue down 4.6% to $92.0 million. Net profit after tax (NPAT) for the quarter rose 20% y-o-y to $9.0 m...

MAINBOARD-LISTED real estate services provider APAC Realty reported a 20 per cent growth in net profit to S$9 million for Q1FY2022 ending Mar 31 from S$7 million a year prior, in a business update released after market close on Friday (Jun 17).

The Offer will close at 5.30 p.m. (Singapore time) on June 10.

DBS Group Research analysts Yeo Kee Yan, Janice Chua and Woon Bing Yong are recommending investors switch from stock leaders to laggards on the recovery theme.This is as shares in counters benefitting from the reopening theme have re-rated since the easing of measures that include lowering the DORSC...