Analysts from CGS-CIMB Research, DBS Group Research and RHB Group Research are mixed on APAC Realty after the group saw net profit after tax (NPAT) surge 139% y-o-y to $26.1 million for the 9MFY2021 ended September. CGS-CIMB Research analyst Lock Mun Yee is the most positive out of all three brokera...

DBS Group Research has downgraded its call on APAC Realty from "buy" to "hold", with a lower target price of S$0.88 from S$1.05 previously.

APAC Realty saw net profit after tax grow 139% y-o-y to $26.1 million for 9M2021, while gross profit increased 72% y-o-y to $54.9 million. Meanwhile, brokerage revenue more than doubled, growing 115% y-o-y to $537.0 million for 9M2021. Of this figure, $325.7 million came from resale and rental homes...

STRONG sales of new homes boosted APAC Realty's net profit to S$26.1 million in the first 9 months of 2021, more than double the S$10.9 million bottom line a year ago.

APAC Realty, the owner of property agency ERA, has announced the appointment of Doris Ong as deputy CEO effective Nov 11. Ong, 53, has served as COO at APAC Realty for the last ten years. As deputy CEO, Ong will assist CEO Marcus Chu in strategic planning and managing all aspects of the group’s bu...

Despite a “hot” property market, DBS Group Research has initiated coverage on PropNex with a “hold” recommendation with a target price of $1.83, implying a 3% upside. "Our 'hold' recommendation is mainly premised on the stock’s rich valuation in the face of possible property cooling measur...

After 25 years in the real estate business, Marcus Chu is still thrilled to witness transformation in the sector. On July 1, the 55-yearold was promoted to chief executive of APAC Realty, which runs the ERA real estate advisery franchise across the region. Formerly its chief operating officer, Chu...

In a rare occurrence, Sing Holdings and Aspial Corporation were tied as joint winners for the best earnings growth category for real estate firms in the Club. However, Sing Holdings did better elsewhere and has been named overall sector winner. Aspial Corp managed a CAGR of 54.2% in the three fina...

RHB Group Research analyst Vijay Natarajan has downgraded his recommendation on APAC Realty to “neutral” despite the property group’s strong set of numbers in the 1HFY2021 ended June. See: After doubling revenue and earnings in 1H21, 'buy' APAC Realty on continued upswing: analysts He has, how...

APAC Realty may risk being hit by cooling measures amid the recent property market euphoria, RHB said. Meanwhile, analysts at Lim & Tan Securities said PropNex has stronger financial metrics.