APAC Realty    Last:0.55   -

APAC Realty

I am more into Apac Realty bcoz of it' s dominance in the local market and
and it' s potential in the external market. Whether it materialise or not I wont know.
Lets time tell. I am not looking at the now but am looking at what the company will
be years later when external wings start showing. I am a long term invertors and I
look more at the future than the present. Just for info.

Below is a comparision i posted earlier.

Propnex and Apac Realty are fundamentally good companies.
I opted for Apac Realty bcoz of its ...
1. higher dividend yield
2. higher nav,
3. lower p/e 
4. higher profits.
Further, the share price has dropped from a 2 year high of $1.28 to current 54 cts ... a 58% drop.
Propnex has some pluses ... no debt n higher cash level.

Pls note ... above are just my views n i could be wrong. Dyodd.

These datas are from their latest full year report:
 

	propnex	apac realty
dividend	3.5 cts	4.5 cts
dividend yield	6.0	7.6
price earning ratio	11.2	8.6
nav	18.1	40.1
net profit	19.4 mil	24.2 mil
revenue	431.5 mil	419.9 mil
number of shares	370 mil	355 mil
capitalisation	216.4 mil	209.6 mil
cash	75.6 mil	43.0 mil
debt	nil	57.5 mil
52 weeks high	79 cts	124 cts
52 weeks low	45.5 cts	44.0 cts
price at time of post	58.5 cts	59.0 cts

The above datas are from my earlier post. It has not been updated.

runaway      ( Date: 01-Aug-2019 20:31) Posted: The two stocks in the same business space are Propnex and APAC R. Both are off their best and   performed badly in 4Q18 and 1Q19. APAC, espeocially reeled from its peak of $1.20+ in 1Q18. Propnet: Price $0.54 Tangible Book Value $0.18. Apac: Price $0.57 Tangible Book Value $0.12. Based on the above, Propnex is a better buy?

 

My post in March ' 19.

During the oil crisis in 2014 shares of OCBC came all the way down to 7plus dollars.
2 to 3 years later oil stabilised n OCBC shot back to $14, almost a 100% appreciation.

Today, sentiments in the property market have been very bad since the cooling measures
in July 2018. Shares of almost all property stocks have been down.

The property market is cyclical in nature with each cycle lasting many years. At some
point in the future sentiments will change to positive. At that time shares of property stocks
are likely to shot up. When, nobody know for sure. But i assume there are similiarities in
situation like OCBC during the oil crisis.

This is one of the reasons I am into APAC Realty. To buy when sentiments are bad n to
wait till sentiments change to positive. Another reason is the high yield the company offer.
Its full year dividend of 4.5 cts give a dividend yield of 7.6 % based on today' s closing price
of 59 cts. Further, company has a dividend policy of distributing 50% or more of it' s earning.

I do not expect good result in the coming quarters or year n am expected to go long hold
on the stock. In the mean time I am content w the yield of 7% plus.

Wind22i      ( Date: 01-Aug-2019 20:39) Posted: The property mkt is dead.. so look at reality instead of trying to blow trumpet... joseph.. Apac shld be worth and at 0.12c if at tangible value as what the forumer below rightfully point out

 

The property mkt is dead.. so look at reality instead of trying to blow trumpet... joseph..
Apac shld be worth and at 0.12c if at tangible value as what the forumer below rightfully point out

 

The two stocks in the same business space are Propnex and APAC R. Both are off their best and   performed badly in 4Q18 and 1Q19. APAC, espeocially reeled from its peak of $1.20+ in 1Q18.

Propnet: Price $0.54 Tangible Book Value $0.18.
Apac: Price $0.57 Tangible Book Value $0.12.

Based on the above, Propnex is a better buy?



 

 

Below are 2 quotes taken from Apac Realty annual report:

" Through a partnership with the current ERA Indonesia CEO and management team,
we have implemented ERA Singapore' s project business model in Indonesia to
generate stronger margins and growth in the near to medium term. Our progress has
been promising, with ERA Indonesia being appointed as the lead marketing agent
for the first phase of Fifty Seven Promenade, an integrated mixed-use and high-rise
joint venture development by GIC Private Limited and PT Intiland Development Tbk
(Intiland ). Further, ERA Indonesia has been chosen as one of the lead agencies for
future projects rolled out by Intiland."


" The incorporation of ERA Thailand allows APAC Realty to gain direct ownership of
the Thailand franchise, enabling the Group to be strategically involved in growing the
business and opening up project marketing opportunities for the Thailand market.
Demand is expected to remain healthy especially for the downtown Bangkok
condominium market, on the back of a recovering economy, rising middle class and
strong buying interest from mainland China and Hong Kong" .

Besides Indonesia n Thailand, Apac Realty has been active in Thailand, Cambodia and
Hainan Island. Company held an exhibition in Beijing in early 2019.

FYI. DYODD

 

Brewing again...

Not vested.
 

Grubber      ( Date: 17-Jul-2019 10:19) Posted: brewing

 

brewing

 

Yes, this company survives on a booming property market.

New launches:

One Pearl Bank is selling at $2,000+ psf.

Piermont Grand EC is priced at   $1,000+ psf.

Not to mention the completed but unsold units.
Developers are stuck but refused to ease the pricing.

The 4 houses are bullish. How about sharing those bearish?
 

 

Property is dead.... caution.

 

Just for info:

1. DBS research recommend a buy w target of 58 cts. Report date 14 May ' 19

2. RHB Invest recommend buy w target of 67.0 cts. Report date 14 May ' 19

3. CGS - CIMB " add" recommendation w target of 67.0 cts. Report date 5 June ' 19

4. Philip Securities recommend buy w target of 65 cts. Report date 3 June ' 19

Vested. Dyodd

 

bro joseph done a good job of the comparison.

 

Propnex and Apac Realty are fundamentally good companies.
I opted for Apac Realty bcoz of its ...
1. higher dividend yield
2. higher nav,
3. lower p/e 
4. higher profits.
Further, the share price has dropped from a 2 year high of $1.28 to current 54 cts ... a 58% drop.
Propnex has some pluses ... no debt n higher cash level.

Pls note ... above are just my views n i could be wrong. Dyodd.

These datas are from their latest full year report:
 

	propnex	apac realty
dividend	3.5 cts	4.5 cts
dividend yield	6.0	7.6
price earning ratio	11.2	8.6
nav	18.1	40.1
net profit	19.4 mil	24.2 mil
revenue	431.5 mil	419.9 mil
number of shares	370 mil	355 mil
capitalisation	216.4 mil	209.6 mil
cash	75.6 mil	43.0 mil
debt	nil	57.5 mil
52 weeks high	79 cts	124 cts
52 weeks low	45.5 cts	44.0 cts
price at time of post	58.5 cts	59.0 cts

The above datas are from my earlier post. It has not been updated.

 

I agree. But it' s not under $0.5 yet. It is also a far-cry from it' s IPO price. which was overvalued imho.

patient168      ( Date: 06-Jun-2019 15:54) Posted: Apac is always my top pick. Any price < 0.5 is safe to enter for medium and long term holding. Apac is very much link to macro env and property condition. Company financial fundamental and future growth (expand to overseas) are bright.

 

Stk gd balance sheet but prop outlook/transactions vol may not be favourable.... for info only.

https://www.channelnewsasia.com/news/singapore/land-supply-less-private-homes-government-11600700

 

Just for info:

1. DBS research recommend a buy w target of 58 cts. Report date 14 May ' 19

2. Philip Securities recommend buy w target of 65 cts. Report date 3 June ' 19

3. RHB Invest recommend buy w target of 67.0 cts. Report date 14 May ' 19

Vested. Dyodd

 

Apac is always my top pick. Any price < 0.5 is safe to enter for medium and long term holding. Apac is very much link to macro env and property condition. Company financial fundamental and future growth (expand to overseas) are bright. 

 

Just sharing.

Apac 1Q result was much lower than previous year same quarter. This means that dividend to be declared
will be lower n the p/e ratio will be higher. I expect dividend to be in the region of 2.0 to 2.5 cts per share giving
a yield of around 5%

Apac Realty is a long hold for me. I believe that when the property market improve the share price is likely to go
along w it. Another point is the off shore initiatives the company had under taken. Once these come on stream, the
financial results of Apac could be vastly different. But these are still unknown n one need to watch n see how
these projects are coming along.

On the whole i am positive long term. Am quite heavily vested. Dyodd

 

aaa and aa bonds looking more attractive than most counters

like2learn      ( Date: 21-May-2019 17:39) Posted: for a 2% yield, investors might prefer risk-free SSB instead or other net cash counters at 3% yield. thus, i think the current share price may not hold. Know-Your-Stuff      ( Date: 19-May-2019 00:46) Posted: EPS this Q drop to 0.5 cents. Annualised = 2 cents. Payout ratio 50% means dividend will cut to 1 cent per year. So yield only 2%. Bro u really hv to be a very very long term investor. :)

 

for a 2% yield, investors might prefer risk-free SSB instead or other net cash counters at 3% yield.
thus, i think the current share price may not hold.

Know-Your-Stuff      ( Date: 19-May-2019 00:46) Posted: EPS this Q drop to 0.5 cents. Annualised = 2 cents. Payout ratio 50% means dividend will cut to 1 cent per year. So yield only 2%. Bro u really hv to be a very very long term investor. :)

 

I think the bulk of comm may come in on 2nd qtr . Likely more than EPS of 0 5 cents . The overseas expansion just started in Mar or April, it may contribute some net rev as well. Dividend may maintain for half year of 2 cents.

josephyeo      ( Date: 19-May-2019 08:51) Posted: Thank you for your input Know-Your-Stuff. You are right. It is likely to be a lousy year for the realty market. Revenue, earnings n dividend yield are likely to come down. I am into it for the future ... probably 2 years or more. Property business is cyclical in nature. A cycle can be as long as  10 to 12 years n the best time to buy is when it bottoms. Unfortunately its hard to read the bottom. My strategy is to buy in " drips" over a period of time, averaging as it come down. I am ok w time. I hold most of my stocks for at least 2 years, often much longer. Personally, i think its a good time to pick up slowly in small quantity and slowly average down. Just sharing ...   Know-Your-Stuff      ( Date: 19-May-2019 00:46) Posted: EPS this Q drop to 0.5 cents. Annualised = 2 cents. Payout ratio 50% means dividend will cut to 1 cent per year. So yield only 2%. Bro u really hv to be a very very long term investor. :)