PropNex Realty

Results

PropNex reports 1HFY2023 earnings of $22.1 mil, down 18.4% y-o-y, on lower number of transactions

An interim dividend of 2.5 cents a share has been declared for the 1HFY2023. It will be paid out on Sept 4.

Property

Most segments to remain unaffected by latest cooling measures, says PropNex

The agency says it expects launches to proceed as scheduled and developers to price units ‘sensitively'.

Results

PropNex's earnings for 4QFY2022 up by 24.5% y-o-y to $17.8 mil; FY2022 revenue hits record high

PropNex has proposed to undertake a one-for-one bonus issue of up to 370 million new ordinary shares to broaden its accessibility.

Broker's Calls

Maybank starts PropNex at 'buy'; group can 'easily sustain' its high dividend payout of over 70%

Meanwhile SAC Capital has maintained its “hold” call on rising rates and a lower supply.

Results

PropNex reports 20.7% lower 2QFY2022 earnings of $13.1 mil

During the period, PropNex has declared an interim dividend of 5.5 cents, which will be paid out on Sept 2.
PropNex sees 6.1% decline in 1QFY2022 earnings of $13.9 mil - THE EDGE SINGAPORE

Results

PropNex sees 6.1% decline in 1QFY2022 earnings of $13.9 mil

PropNex expects HDB resale prices and private housing prices to rise by 6% to 8% and 3% to 5% respectively for the full year 2022.
Switch from leaders to laggards like ComfortDelGro, FCT, Genting Singapore, ART, CDLHT and ThaiBev: DBS - THE EDGE SINGAPORE

Broker's Calls

Switch from leaders to laggards like ComfortDelGro, FCT, Genting Singapore, ART, CDLHT and ThaiBev: DBS

The analysts estimate that the STI will be trading between support at 3,200 to 3,250 points with near-term resistance at 3,408.

Results

PropNex reports 90.5% surge in 4QFY2021 earnings; proposes final dividend of 7 cents a share

The final dividend is the highest-ever payout for the group.
PropNex receives price target upgrades following better-than-expected 3QFY2021 - THE EDGE SINGAPORE

Investing ideas

PropNex receives price target upgrades following better-than-expected 3QFY2021

Market watchers are largely positive on PropNex, after it reported 2.1 times higher earnings of $14.4 million in the 3QFY2021.
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