Home Capital Broker's Calls

5 reasons why APAC Realty is still RHB's top mid-cap real estate pick

Stanislaus Jude Chan
Stanislaus Jude Chan5/30/2018 12:11 PM GMT+08  • 3 min read
5 reasons why APAC Realty is still RHB's top mid-cap real estate pick
SINGAPORE (May 30): RHB Research is reiterating its “buy” call on APAC Realty with an unchanged target price of $1.35, after the research house hosted an investor luncheon with the real estate services provider amid “some investor concerns”.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (May 30): RHB Research is reiterating its “buy” call on APAC Realty with an unchanged target price of $1.35, after the research house hosted an investor luncheon with the real estate services provider amid “some investor concerns”.

APAC Realty, which owns ERA Realty Network, has seen its share price tumble around 29% since closing at a peak of $1.26 on Mar 9.

This comes despite APAC Realty reporting a 46.8% surge in earnings to $5.9 million for the 1Q18 ended March, on the back of a 56.7% jump in revenue to $105.2 million on higher contributions from real estate brokerage fees and related services amid a residential market recovery.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.