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 brokerages with an unchanged “add” recommendation.

Lock has also upped her target price estimate on the counter to 99.6 cents from 96 cents previously, after APAC Realty’s NPAT for the 9MFY2021 stood above her expectations, at 85% of her FY2021 forecast.


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