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Today (28th April 2023) is XB/XD for Propnex.
Going by yesterday' s closing price at 2.01, she should start trading today at 0.965 when market opens after the price adjustment.
With all the news on cooling measures two (2) days ago and property counters plummeting yesterday, I feel that any price below 0.90 is a " DISASTER" for Propnex.
Any comments please, my dear Bros and Sisters, so that I can decide if I am going to invest in this counter again.
Thank you, Everyone and wishing all of us can HUAT HUAT together!

 

next few weeks, results will b real bad, 1/- under is the way to go. already profited so much fm buyers n sellers, high time for reprieve, developers r hit hard n big discount inevitable, commission to agents will drop significantly n developers can market themselves by taking huge advert on all social media will save them more money wif walking in direct buyers instead at the mercy of agents n agencies 

MBULLISH      ( Date: 27-Apr-2023 10:10) Posted: Die this time Govt really want stop foreigners from buying Think market will be quiet and price will drop for sure A lot of developers will offer discount to clear their stocks before their absd deadline loom

 

2.04        -0.11
Govt assisted this time with more cooling measures

ozone2002      ( Date: 23-Apr-2023 11:58) Posted: 2.14        +0.07 Hit long term dble top time to take profits and go short

 

Die this time
Govt really want stop foreigners from buying
Think market will be quiet and price will drop for sure
A lot of developers will offer discount to clear their stocks before their absd deadline loom

 

Singapore announces new property cooling measures, additional buyer' s stamp duty doubled to 60% for foreigners

WITHOUt PREJUDICE, IT is indeed timely, sure drop like mad, agencies/agents and developers been making too much money, developers been paying 2.5 to 6% even 8% for slow moving projects. agents and leaders making millions annually will now spend spartanly knowing now the MOF/MND/MAS will not allow EP holders to run away including the HQ since rents mostly doubled since last year. leaders making fat overriding from their hundreds to thousands subordinates are now well tamed. the leaders been earning more than a million income and understand they buy few luxury cars, several private properties,shophoses and also high end fashions
NOW IS TIME TO IMPLEMENT ABSD/SSD FOR HERITAGE SHOPSHOUSES, MANY FRESH WAVES OF FOREIGN INVESTORS INCL CHINA ARE BUYING UP AND ALSO SELLING FAST without incurring these duties. MOF/MND/MAS pls do it, few days ago, edgeprop singapore said the shophouses shot up to more than 7k psf,never before 
UPGRADERS WILL SOON BE ABLE TO BUY MORE COMPETITIVELY FROM DEVELOPERS AND UPGRADERS CAN SELL MORE CHEAPLY THEIR HDB RESALE. NEWLY WED CAN NOW BUY MORE COMPETITIVELY TO RAISE THE BIRTH RATE AND DOWNGRADERS CAN DO LIKEWISE SELLING THEIR PRIVATE PROPERTIES COMPETITIVELY AND BUYING RESALD HDB COMPETITIVELY    WIN-WIN FOR ALL , GOOD JOB BY THE REGULATORS FOR NOT STAYING BLIND OR PASSIVE. DO LOOK AT SHOPHOUSES, F& B OPERATORS/TENANTS WORKING HARD IN THE KITCHEN AND PAY HIGH RENT TO THESE LANDLORDS. and now food portion is small compared to a year or two ago
DEVELOPERS WILL BE EXPECTED TO DROP PRICES TO MOVE THE SALE

 

https://www.edgeprop.sg/property-news/chinese-investors-drive-conservation-shophouse-prices-above-7000-psf

regulator should start regulating this with ABSD and SSD implementation on shophouses, not to mention CCR prices been pushed up including RCR, the next wave of purchase will make spore the most expensive city in the world

 

A.I gonna kill middle men who milk the system. Beware

 

Free money in less than 2 months
Long term holdings
Midcap
After xb still will go back same price again
Isn?t it good?
May all Huat long term here

MBULLISH      ( Date: 06-Mar-2023 14:10) Posted: Volume building up Breaking $2 soon

 

Asset light model

 

better get out soonest , agencies dont own assets except the freelance agents geting paid commission for sales closed, any agency can have 30k agents but when properties are overpriced and nobody buys, good luck, govt will bring down bto prices to reflect voters' sentiment, this will affect resale prices thus no upgrade. dyodd. soon many agents dont get enough sales, will leave for permanent jobs with cpf, annual leave, medical leave, etc, and importantly to feed their families
 

HappyBunny      ( Date: 17-Apr-2023 09:53) Posted: The directors will likely be unloading big time under the guise of providing liquidity to the market. If they sell without the bonus scheme, they really will have trouble selling above $2. Sgvale      ( Date: 17-Apr-2023 09:12) Posted: Directors keep suppprting price . How to drop?

 

2.14        +0.07
Hit long term dble top
time to take profits and go short

 

$0.135 dividends...at least the directors willing to share...
not like most of the counters on sgx....

HappyBunny      ( Date: 17-Apr-2023 09:53) Posted: The directors will likely be unloading big time under the guise of providing liquidity to the market. If they sell without the bonus scheme, they really will have trouble selling above $2. Sgvale      ( Date: 17-Apr-2023 09:12) Posted: Directors keep suppprting price . How to drop?

 

The directors will likely be unloading big time under the guise of providing liquidity to the market. If they sell without the bonus scheme, they really will have trouble selling above $2.

Sgvale      ( Date: 17-Apr-2023 09:12) Posted: Directors keep suppprting price . How to drop?

 

hold until Aug can get double dividends after 1 for 1 ....

Sgvale      ( Date: 17-Apr-2023 09:12) Posted: Directors keep suppprting price . How to drop?

 

Directors keep suppprting price . How to drop?

 

Once bb clear 2.05, 
next target $2.20 - $2.50 ...

 

Perhaps America recession..but not singapore...
SINGAPORE: Private home prices in Singapore increased by 3.2 per cent in the first quarter of 2023, according to official flash estimates released by the Urban Redevelopment Authority (URA) on Monday (Apr 3).


 

HappyBunny      ( Date: 16-Apr-2023 19:09) Posted: America in recession by August?. Market will decline in July usually . Must hold long long leh. muifan      ( Date: 16-Apr-2023 12:34) Posted: Assuming Bb push to $2.50 and share priced Halved to $1.25 ex bonus , There is still a 5.5c dividend to look forward at Aug Which is a yield of 4.4% after all the bonus shares? Cheers

 

America in recession by August?. Market will decline in July usually . Must hold long long leh.

muifan      ( Date: 16-Apr-2023 12:34) Posted: Assuming Bb push to $2.50 and share priced Halved to $1.25 ex bonus , There is still a 5.5c dividend to look forward at Aug Which is a yield of 4.4% after all the bonus shares? Cheers

 

Assuming Bb push to $2.50 and share priced
Halved to $1.25 ex bonus ,
There is still a 5.5c dividend to look forward at Aug
Which is a yield of 4.4% after all the bonus shares?
Cheers

 

So, once 1 for 1 bonus is issued , price will become halved? BBs pushing up to $2.40, become $1.20 after bonus issued, and sell it down to $0.80-$1.00 🤔