While UOB KayHian believes APAC Realty is well-positioned to grow further, it has initiated coverage on the real estate brokerage with a “hold” rating and target price of 41 cents.

UOBKH says the company offers an asset-light play on the resilient Singapore property transaction volumes, supported by enhanced liquidity and government stimulus amid the Covid-19 pandemic.

SEE:‘Buy’ APAC Realty as residential volumes rebound: RHB

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