Analysts from PhillipCapital, CGS-CIMB and UOB Kay Hian are encouraging investors to accumulate on shares in PropNex after the real estate agency’s earnings for the 3QFY2020 and 9MFY2020 exceeded the expectations of all three brokerages.

PropNex, on Nov 12, posted earnings of $6.8 million for the 3QFY2020 ended September, up 10.6% y-o-y. For the 9MFY2020, PropNex saw earnings surge 82.8% y-o-y to $21.6 million.

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