Home Capital Broker's Calls

APAC Realty upgraded to 'hold' with negatives from property cooling measures priced in

Stanislaus Jude Chan
Stanislaus Jude Chan8/8/2018 11:34 AM GMT+08  • 2 min read
APAC Realty upgraded to 'hold' with negatives from property cooling measures priced in
SINGAPORE (Aug 8): DBS Group Research has upgraded real estate services provider APAC Realty to “hold” from “fully valued”, but lowered its target price by 6% to 62 cents.
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 (Aug 8): DBS Group Research has upgraded real estate services provider APAC Realty to “hold” from “fully valued”, but lowered its target price by 6% to 62 cents.

“We believe APAC’s current share price has already priced in the impact from the recent property cooling measures,” says lead analyst Ling Lee Keng in a report on Tuesday.

The way Ling sees it, market transaction activities are likely to be lower this year, and expected to stay flat in 2019. However, the analyst believes APAC’s healthy project pipeline in 2H18 and 2019 should provide some support.

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.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now