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APAC Realty reports FY2020 earnings of $16.3 mil, up 17.8%
APAC Realty, which owns the ERA property agency here, has reported earnings of $16.3 million for the financial year ended Dec 31 2020, up 17.8% over the preceding FY2019. Revenue in the same period was $395.1 million, up 6.9% y-o-y.
The company plans to pay a final dividend of 1.75 cents per share, which will be on top of the interim dividend of 0.75 cents already paid. The total FY2020 dividend of 2.5 cents represents a payout ratio of 54.3%.
&ldquo Notwithstanding the impact of Covid-19, we turned in a relatively strong performance in FY2020. Our on-going digital transformation across our business continues to provide us with greater flexibility in today&rsquo s differentiated work environment,&rdquo says Jack Chua, the company&rsquo s executive chairman and CEO.
&ldquo Our ability to engage property owners and interested buyers on multiple real estate channels and proprietary apps, and close property transactions through digital platforms has allowed us to
grow our business and underpinned our resilience in an unprecedented year,&rdquo he adds.
Last year, some 7,200 new home units across 24 projects were launched with Apac Realty&rsquo s involvement. This year thus far, it has secured marketing agent mandates for 24 projects with more than 8,800 new home units to be launched within the year. ERA estimates it has achieved a market share of 28.9% in the sale of new residential units in FY2020, up from 27.7% in FY2019.
APAC Realty is &ldquo cautiously optimistic&rdquo that demand for HDB resale and private residential properties in Singapore will remain resilient in FY2021.
In the region, it will continue to monitor market and Covid-19 developments which continue to influence the performance of our investments in Indonesia, Thailand, Vietnam and Malaysia, says Chua.
Wonder whats happening to APAC with PN with recovery and above pre covid Levels.
Waiting for this train to move.....
Waiting for this train to move.....
should monitor as rumours of new cooling measures by govt. will affect broker' s commission.
hope4eva ( Date: 20-Jan-2021 11:18) Posted:
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yeah, it dropped 3 cents since market opened 2 hours ago.
Should we buy at this price or will it drop even further more?
Act2013: how do u know it will reach 0.5000 by this week?
Sorry I' m a noob -_-
Should we buy at this price or will it drop even further more?
Act2013: how do u know it will reach 0.5000 by this week?
Sorry I' m a noob -_-
Acl2013 ( Date: 18-Jan-2021 16:51) Posted:
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Anyone knows whats with the major selldown? understand cooling measure possibilties by Gov.
0.475-0.480
buy now before it reach 0.500 by this week.
buy now before it reach 0.500 by this week.
Trending up and yesterday broke key resistance w good vol.
Congratulation for those who hold, my last call 16th Dec, can entry between 0.425~0.440, one month now, closed 0.465, it' s just start today,.
MACD golden cross today
Stochastic at high level.
target 0.550 by another month.
With sales of private and HDB going up, Price will soon go up as well.
Entry - 0.46 cents
Exit - 0.55 cents
Divden pay - 4-5%
Good to buy long or short term. Low Debt and holds 30% shares in the industry.
Entry - 0.46 cents
Exit - 0.55 cents
Divden pay - 4-5%
Good to buy long or short term. Low Debt and holds 30% shares in the industry.
Zzzzzz....
Acl2013 ( Date: 16-Dec-2020 13:34) Posted:
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Still building up the rocket base, once completed, to buy will be too late.
Sure bo! PropNex 69 cents, yet she is so much lowered at 42.. So maru
josephyeo ( Date: 23-Nov-2020 22:00) Posted:
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Maintain BUY with a higher DCF-derived TP of SGD0.55 from SGD 0.50, 28% upside with c.5% yield.
Singapore residential volumes have staged a strong rebound in 3Q, with recovery seen across both
primary and resale market. ERA Realty (ERA), APAC&rsquo s wholly-owned subsidiary, which commands c.33%
residential market share, is well-positioned to ride on this recovery. The stock&rsquo s current P/E of 10x is
not expensive in our view when compared to low-mid teen levels typically seen during market upcycles.
Above is an extract from RHB report dated 23 Nov 2020
Singapore residential volumes have staged a strong rebound in 3Q, with recovery seen across both
primary and resale market. ERA Realty (ERA), APAC&rsquo s wholly-owned subsidiary, which commands c.33%
residential market share, is well-positioned to ride on this recovery. The stock&rsquo s current P/E of 10x is
not expensive in our view when compared to low-mid teen levels typically seen during market upcycles.
Above is an extract from RHB report dated 23 Nov 2020
DBS Group Research has upgraded its recommendation on real estate services provider Apac Realty,
which owns ERA Realty Network, to " buy" from " hold" . The research team cited better-than-expected
property transaction activities and " attractive valuations" .
It has also raised its target price (TP) on the counter to S$0.53, from S$0.40 previously. The revised TP
represents a 39 per cent upside from Apac Realty' s Friday close of S$0.38.
Business Times 16 Nov 2020
1.6 mil shares done. Good start
DBS Group Research has upgraded its recommendation on real estate services provider Apac Realty,
which owns ERA Realty Network, to " buy" from " hold" . The research team cited better-than-expected
property transaction activities and " attractive valuations" .
It has also raised its target price (TP) on the counter to S$0.53, from S$0.40 previously. The revised TP
represents a 39 per cent upside from Apac Realty' s Friday close of S$0.38.
As at 1.05pm on Monday, the counter was trading at 39.5 cents, up 1.5 cents or 4 per cent.
" The property market was resilient amid the Covid-19 pandemic. Transaction activities in the various segments
only saw a slight decrease of between 1.2 per cent and 5.2 per cent year on year in 9M 2020," wrote DBS
analyst Ling Lee Keng in a research note on Monday.
Fairly good volume today w 700 lots done.
Last done 40.0 cents
Last done 40.0 cents
josephyeo ( Date: 16-Nov-2020 10:24) Posted:
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Price history:
52 weeks - high 51.5 low 28.5
2 years --- high 68.0 low 28.5
5 years --- high 128.0 low 28.5
For info only. Dyodd.
52 weeks - high 51.5 low 28.5
2 years --- high 68.0 low 28.5
5 years --- high 128.0 low 28.5
For info only. Dyodd.
Why I am vested in Apac Realty:
| 1) dividend yield (annualised) ofn 5.26% |
| 2) forward p/e 8.7 |
| 3) market sentiments on property improving |
| 4) 3rd quarter figures show some improvements in number of units sold |
| 5) trading below nta of 43.1 cents |
| 6) net cash w cash of S$34.2 mil against debt of S$53.1 mil For info only. Dyodd |