APAC Realty

Analysts hold on to hopes of property market rebound as APAC Realty misses 3Q estimates

SINGAPORE (Nov 18): Analysts see a glimmer of light at the end of the tunnel for APAC Realty, despite a disappointing 3Q for the real estate agency on the back of a slower-than-expected recovery in the residential property market.

APAC Realty, which operates the ERA brand, saw its earnings nearly halved to $3.5 million for 3Q19 ended September, from $6.5 million a year ago, as total revenue shrank 14.1% to $98.6 million during the quarter.

6 attractive small and mid cap stocks that KGI believes yield hunters should watch out for

SINGAPORE (Oct 7): KGI Securities has highlighted some small and mid-cap stocks that investors should consider adding to their portfolios.

Amid macroeconomic uncertainties that continue to plague the different industries, the brokerage believes these high dividend stocks on its watchlist could pay off handsomely.

According to KGI analyst Joel Ng, these small- and mid-cap companies offer attractive opportunities, but are more volatile compared to blue-chip companies. 

APAC Realty 2Q earnings down more than half to $3.3 mil on lower brokerage income

SINGAPORE (Aug 5): APAC Realty reported a 56.8% plunge in 2Q19 earnings to $3.3 million from earnings of $7.7 million during the same quarter last year.

Revenue for the group fell 29.8% to $85.7 million in 2Q19, from $122.0 million in 2Q18.

This was maintained due to a 29.2% decrease in brokerage income from resale and rental of properties to $60.5 million and a 32.9% decline in income from new home sales to $23 million.

In line with the decrease in total revenue, cost of services fell 30.5% to $75.1 million, down from $108.1 million in the preceding year. 

APAC Realty invests $1 mil in proptech firm behind UrbanZoom

SINGAPORE (June 10): Real estate agency APAC Realty, which operates the ERA brand, is investing $1 million in Dots Connected, the company behind online property platform UrbanZoom.

Founded last year by a team of real estate professionals and data scientists, UrbanZoom utilises proprietary artificial intelligence algorithms to analyse millions of data points derived from regulatory, industry and other public sources to predict the value of a residential unit.

It claims to provide highly accurate residential price predictions, with an overall median error of less than 3%.

Singapore's main real estate brokerages offer great value and defense, say analysts

SINGAPORE (June 7): Phillip Capital and CGS-CIMB Research are initiating positive coverage on both APAC Realty and PropNex, the two main market players within Singapore’s real estate brokerage sector.

In a Monday report, Phillip analyst Tara Wong says she likes both stocks for their market dominance within the real estate brokerage market in Singapore, which in turns allows to them to capture a substantial amount of transactions in both buyer and seller markets.

Why RHB remains positive on APAC Realty despite 1Q earnings miss

SINGAPORE (May 29): RHB Research is reiterating its “buy” call on APAC Realty while lowering its target price on the stock to 67 cents from 72 cents previously after cutting FY19-21F earnings to account for reduced private resale volume assumptions.

APAC Realty posts 71% drop in 1Q earnings to $1.7 mil on lower transaction volume

SINGAPORE (May 13): APAC Realty reported a 70.6% drop in 1Q19 earnings to $1.7 million from 1Q18 earnings of $5.9 million a year ago.

The operator of ERA real estate brokerage says this was due to a drop in brokerage income contribution as a result of lower transaction volume following the implementation of the cooling measures as well as higher expenses.

Market data released by URA, the national urban planning authority of Singapore, confirmed weakness in the housing market as a result of the cooling measures implemented in 3Q18.

APAC Realty kept at 'buy' with 72 cents target by RHB on housing demand to stay firm

SINGAPORE (Mar 1): RHB Research is maintaining APAC Realty at “buy” given demand for Singapore’s residential property is expected to remain resilient despite a strong pipeline of new launches in 2019.

Furthermore, the recent move by APAC Realty to strengthen its overseas presence should help in earnings diversification and bring benefits in the long term.

And while the stock has rebounded from lows since the start of the year, valuations are still attractive at 9x FY19F earnings.

APAC Realty posts 48% drop in 4Q earnings to $4.1 mil on lower revenue

SINGAPORE (Feb 28): Real estate agency APAC Realty, which operates the ERA brand, has announced a 48.1% drop in earnings to $4.1 million for the 4Q18 ended December, from $7.9 million a year ago, on the back of lower revenue.

This bring full-year earnings to $24.2 million for FY18, 6.4% lower than earnings of $25.9 million a year ago.

Total revenue fell 36.9% to $81.9 million in 4Q18, from $129.7 million a year ago.

APAC Realty buys back franchisees, raises bet on regional expansion, remains upbeat on Singapore

SINGAPORE (Feb 18): As Singapore experiences the effects of the property cooling measures, listed real-estate agency APAC Realty, better known for operating under the ERA franchise, is now looking overseas to diversify from the Singapore property market. In an announcement on Feb 11, APAC Realty showed its intention to expand to Indonesia and Thailand by teaming up with local partners to buy its franchisees in those two markets.

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