PropNex Realty

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.

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

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.

Results

PropNex 4Q earnings fall 58% to $1.8 mil on lower revenue, higher staff costs

SINGAPORE (Feb 26): Real estate agency PropNex saw its earnings fall 57.7% to $1.8 million for the 4Q18 ended December, from $4.3 million a year ago.

Joint ventures and alliances

PropNex Realty enters into strategic collaboration with Century 21 franchise GAP

SINGAPORE (Feb 20): PropNex Realty has entered into a strategic collaboration with Global Alliance Property (GAP).

Broker's Calls

PropNex says unlikely to be affected by cooling measures

SINGAPORE (Oct 22): PropNex expects rental, landed and HDB resale segments -- representing 40% of its total revenue -- to stay resilient in the face of cooling measures, says UOB KayHian after a me

Broker's Calls

PropNex started at 'buy' by UOB on strong branding, regional expansion

SINGAPORE (Sept 12): UOB KayHian is starting coverage of real estate agency PropNex with a “buy” and target price of 65 cents or 10 times FY19 forecast earnings given negatives from the recent cool

Property

New launches to carry on unabated even as buyers mull options: PropNex

SINGAPORE (Aug 15): PropNex Realty, a subsidiary of PropNex Limited, anticipates the total volume of new homes transactions to hit 8,500-9,000 for 2018.

Tech

UOB partners top 4 property agencies to build fully digital home loan solution

SINGAPORE (Aug 7): United Overseas Bank (UOB) has teamed up with Singapore’s four top property agencies – ERA Realty, Huttons Asia, OrangeTee & Tie, and PropNex Realty – to launch a fully digit

IPO

PropNex clarifies away discrepancies to register IPO to raise $38 mil

SINGAPORE (June 25): PropNex Realty has launched its initial public offering to raise $38 million, becoming the second real estate brokerage to list on the Singapore Exchange after APAC Realty.

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