SINGAPORE (June 11): DBS analyst Ling Lee Keng has maintained her “hold” call on APAC Realty with a target price of 41 cents from 52 cents previously.

The new target price represents a 3% downside from the real estate agency’s share price, and is based on its average forward price-to-earnings ratio (PE ratio) of 19x on its FY21F earnings.

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