RHB Group Research analyst Vijay Natarajan has downgraded his recommendation on APAC Realty to “neutral” despite the property group’s strong set of numbers in the 1HFY2021 ended June.

See: After doubling revenue and earnings in 1H21, 'buy' APAC Realty on continued upswing: analysts

He has, however, upped his target price estimate to 88 cents from 70 cents previously.

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