DBS Group Research continues to rate APAC Realty “hold” with a target price of 40 cents, slightly lower than 41 cents previously.

This is despite the group recording a 52% y-o-y jump in 1H20 earnings to $7.8 million, with revenue increasing by 6% to $172.8 million, as it generated higher fees from helping developers launch new projects.

The company plans to pay an interim dividend of 0.75 cents per share – same as this time last year.

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