PropNex Realty

Analysts maintain 'add' and 'buy' calls on PropNex after strong quarter - THE EDGE SINGAPORE

Broker's Calls

Analysts maintain 'add' and 'buy' calls on PropNex after strong quarter

Analysts from PhillipCapital, CGS-CIMB and UOB Kay Hian are encouraging investors to accumulate on shares in PropNex after the real estate agency’s earnings for the 3QFY2020 and 9MFY2020 exceeded t

PropNex sees 10.6% stronger 3Q earnings of $6.8 mil on strong domestic demand in housing segments - THE EDGE SINGAPORE

Results

PropNex sees 10.6% stronger 3Q earnings of $6.8 mil on strong domestic demand in housing segments

Real estate agency PropNex posted earnings of $6.8 million for the 3QFY2020 ended Sept 30, some 10.6% higher than earnings of $6.1 million a year ago.

Broker's Calls

'Buy' PropNex due to its strong cash generation and digital edge: UOB Kay Hian

UOB Kay Hian analysts Loke Peihao and Adrian Loh has maintained their “buy” recommendation on PropNex with a higher target price of 86 cents from 69 cents previously.

Broker's Calls

Analysts bullish on PropNex as 1H20 results 'exceeds expectations'

Analysts from CGS-CIMB Research, PhillipCapital, and UOB Kay Hian Research are overall bullish on PropNex following a 160.2% y-o-y surge in the real estate agency’s 1H20 earnings to $14.8 million.

Results

PropNex embraces digitalisation, reports 160% surge in 1H earnings to $14.8 mil

The Covid-19 pandemic may have brought about strict social distancing measures, especially during the circuit breaker, but that has not deterred real estate agency PropNex from marketing and sellin

Insider moves

Neo Group's chairman raises stake; PropNex's top shots go on a shopping spree

Neo Kah Kiat, chairman and CEO of caterer Neo Group, increased his stake in the company via two separate married deals on July 24.

Insider moves

Property agency CEOs, Centurion duo up stakes

SINGAPORE (Mar 20): Top managers of the two listed property agencies have bought shares in their companies this past week, amid a wider market selldown.

Broker's Calls

PropNex upgraded to 'buy' on prospects of strong 2H19 rebound, regional expansion

SINGAPORE (Oct 14): UOB Kay Hian has upgraded real estate agency PropNex to a “buy” call with a higher target price of 56 cents, up 12% from the previous 50 cents.

Singapore home prices see slight increase, but outlook expected to be flat

Property

Singapore home prices see slight increase, but outlook expected to be flat

SINGAPORE (Oct 1): Singapore’s private residential property index has increased by 1.4 points from 150.8 points in 2Q19 to 152.2 points in 3Q19, representing a 0.9% increase, compared to a 1.5% inc

PropNex directors acquire shares; Phillip Securities makes 'buy' call on sector

Property

PropNex directors acquire shares; Phillip Securities makes 'buy' call on sector

SINGAPORE (June 10): Top executives in PropNex Realty recently acquired a total of 709,400 shares at 48 cents each.

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