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Goverment will increase GST as the quickest means to get revenue which they had announced in parliament probably in year 2022 onwards.
They will not touch properties as there is a wide spread supply issues now and probably last for more than 1 to 2 years before supply and demand balance back.
They will not touch properties as there is a wide spread supply issues now and probably last for more than 1 to 2 years before supply and demand balance back.
If Govt impose ABSD and SSD or any other fom of tax on commercial properties, be prepared for a financial crisis and the govt cannot afford to do it. If they do impose, they are silly to the core and will end up banging their head against the wall when majority of the investors and funds will put out their investments from Singapore. Also, there will be tremendous detrimental effects on the businesses. Everything will just rise overnight from your food to etc etc.
Do you think they will and can afford the price?
Do you think they will and can afford the price?
zillion ( Date: 05-Nov-2021 10:36) Posted:
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Govt depends on land sale proceeds to fill up its kitty not to be touched by health sector or any other sector. It depends heavily on stamp duty, absd and the only escape route for foreigners to buy property is non residential property. Since want to implement tax on rich people round the whole world, it should impose tax on commercial property too.
honesty ( Date: 06-Oct-2021 10:55) Posted:
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Now, will it go down towards $1.6? Lolx
pcxiao2008 ( Date: 25-Oct-2021 11:00) Posted:
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go for $2 soon
APAC too
APAC too
extracted from UOB Kay Hian for reference dated 18 Oct 2021:
PropNex provided a bullish near to medium term update on its business and earnings
prospects at the Asian GEMS conference. It does not believe that 2021 will be its peak
earnings and that over the next few quarters, it will be able to maintain its recent
earnings momentum given its market share increases. Maintain BUY. Target price:
S$1.97.
PropNex provided a bullish near to medium term update on its business and earnings
prospects at the Asian GEMS conference. It does not believe that 2021 will be its peak
earnings and that over the next few quarters, it will be able to maintain its recent
earnings momentum given its market share increases. Maintain BUY. Target price:
S$1.97.
meant only for those who needed to save money and go direct to developers
bxylqwan ( Date: 07-Oct-2021 14:43) Posted:
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alibaba grandfather story again. u can say so much but doesnt change the fact that property market is huating like no tomorrow
honesty ( Date: 06-Oct-2021 10:55) Posted:
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Power siah!
without prejudice,
with less landbank, developers are going to squeeze agents commission from the current 4 to 8% to 1% soon, high commission earnings will no longer be the fruits of agents who have been believed to be splurging on luxury cars and many other luxury fashions including paying for absd on property investments to captialise on captial gains since there is zero capital gain tax, the arrogance will die down very soon.
only shophouses are in demand due to ZERO additional buyers stamp duty and sellers stamp duty, can buy now and sell next minute without penalties, flipping is very real and many shophouses are owned by foreigners and ultra wealthy. our regulators should be pulling up their socks and recognise this fact on too much money not collected without the ABSD and SSD.. IRAS needs to a wide eye on this circumvented rule. commercial eg offices are also enjoying the waived ABSD and SSD
spore could have made more money with the imposition of ABSD and SSD to finance our top notch healhcare and reward more expecially to our healthcare workers
with less landbank, developers are going to squeeze agents commission from the current 4 to 8% to 1% soon, high commission earnings will no longer be the fruits of agents who have been believed to be splurging on luxury cars and many other luxury fashions including paying for absd on property investments to captialise on captial gains since there is zero capital gain tax, the arrogance will die down very soon.
only shophouses are in demand due to ZERO additional buyers stamp duty and sellers stamp duty, can buy now and sell next minute without penalties, flipping is very real and many shophouses are owned by foreigners and ultra wealthy. our regulators should be pulling up their socks and recognise this fact on too much money not collected without the ABSD and SSD.. IRAS needs to a wide eye on this circumvented rule. commercial eg offices are also enjoying the waived ABSD and SSD
spore could have made more money with the imposition of ABSD and SSD to finance our top notch healhcare and reward more expecially to our healthcare workers
wehuattogether88 ( Date: 06-Oct-2021 10:44) Posted:
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By UOB Kay Hian, for reference only:
With a 14% retracement in Propnex&rsquo s share price since its 1H21 results, we believe the
company&rsquo s fundamentals, valuation multiples and net cash position now warrant a
more bullish stance. The Singapore property market remains robust and we believe the
company&rsquo s 3Q21 business update will be a strong one. In the next 6-12 months,
earnings surprises could come from successful en bloc projects. Upgrade to BUY.
Target price: S$1.97 (previously $2.09).
With a 14% retracement in Propnex&rsquo s share price since its 1H21 results, we believe the
company&rsquo s fundamentals, valuation multiples and net cash position now warrant a
more bullish stance. The Singapore property market remains robust and we believe the
company&rsquo s 3Q21 business update will be a strong one. In the next 6-12 months,
earnings surprises could come from successful en bloc projects. Upgrade to BUY.
Target price: S$1.97 (previously $2.09).
DBS initiates coverage on PropNex with ' hold' , target price of $1.83
Despite a " hot" property market, DBS Group Research has initiated coverage on PropNex with a " hold" recommendation with a target price of $1.83, implying a 3% upside." Our ' hold' recommendation is mainly premised on the stock' s rich valuation in the face of possible property cooling measures with the property market rising," analysts Chung Wei Le and Ling Lee Keng say in a Sept 17 initiation note.
They highlight that PropNex is currently trading at 11.7 times P/E for FY2022 ending December, which is close to its all-time high and two standard deviations above its historical mean.
" When compared to its peers, it is trading at a 12% premium to its closest peer, APAC Realty, and is in line with its two other international peers' average of 11.8 times," they add.
Chung and Ling believe that the risk of policy intervention in the property market is " high" , noting that the Singapore residential property price index (PPI) is up 8.9% since the last set of cooling measures in 2018. The last time the cooling measures were invoked in July 2018, the PPI had risen 9% while in the past year, the PPI had risen by 7.1%.
Barring cooling measures, the analysts anticipate property prices could continue rising in 2022, driven by pent-up demand for residential property, more property upgrades due to higher prices, and the low interest rate environment. In addition, construction delays, a smaller pipeline of new launches, and depleting inventory of unsold new launches are also likely to continue supporting prices.
Chung and Ling expect total transaction value to increase by 6.3% in FY2022, with PropNex to benefit given its expanding market share across segments. In FY2020, PropNex reported it had a market share of 48.8% in the private new launch market, 48.3% in private resale, and 57.3% in HDB resale.
" We are projecting a slight increase in its market share to 50.5% (private new launches), 50.5% (private resale), and 58.5% (HDB resale) in FY2022 due to the market leader effect," the analysts remark.
However, they also caution that PropNex' s growth will likely start slowing from 2022 onwards, as lower inventory translates to a smaller market for PropNex to capture.
In addition, they anticipate PropNex' s gross profit margins to dampen in FY2022 as resale transactions grow following the lower supply of new launches. " We expect gross profit margins to decline from 11.1% in FY2021 to 10.9% in FY2022 due to the higher contribution from the resale segment," they say.
DBS says PropNex is positively priced in initiates with ' hold'
PROPNEX PropNex: OYY +1.69% is currently " priced to perfection" , particularly since there is a high risk of government intervention to cool the property market, DBS Group Research said in a note on Friday.
The brokerage team initiated coverage on the real estate agency with a " hold" call and target price of S$1.83, which is based on 12 times the brokerage' s estimates for FY2022 earnings.
Shares of PropNex were trading at S$1.80 as at 10.05am on Friday, up S$0.02 or 1.1 per cent. DBS noted that PropNex is trading close to its all-time high valuation, at around 11.7 times the brokerage' s estimates for FY2022 earnings.
The brokerage team also said the stock is trading at a 12 per cent premium to its closest peer APAC Realty, and is in line with two other international peers' average of 11.8 times.
DBS said it applied a peg close to two standard deviations of PropNex' s historical average to reflect the current strong residential property market sentiment in Singapore, but added that it is not attributing a higher target valuation peg due to the risk of property cooling measures ahead.
It noted that the Singapore residential property price index (PPI) is up 7.1 per cent in the past year and up 8.9 per cent since the last set of cooling measures in 2018. The measures were previously invoked after the PPI rose 9 per cent over five quarters.
Nevertheless, barring the cooling measures, DBS expects property prices to continue rising in 2022 due to pent-up demand amid Singapore' s reopening, more property upgraders, a low interest rate environment, construction delays, fewer new launches and a depleting inventory of unsold new launches.
PropNex is likely to continue riding on the strong property market due to its expanding share of the various market segments. However, the company' s gross profit margins may be weighed down by the lower supply of new launches, as there will be a higher revenue mix from the resale segment that has a slightly lower gross profit margin, DBS said.
The brokerage team also said it expects the real estate agency will pay dividends of S$0.10 per share for FY2021 and FY2022, which implies dividend yields of 5.6 per cent.
DBS says PropNex is positively priced in initiates with ' hold'
PropNex is currently " priced to perfection" , particularly since there is a high risk of government intervention to cool the property market, DBS Group Research said in a note on Friday.The brokerage team initiated coverage on the real estate agency with a " hold" call and target price of S$1.83, which is based on 12 times the brokerage' s estimates for FY2022 earnings.
Shares of PropNex were trading at S$1.80 as at 10.05am on Friday, up S$0.02 or 1.1 per cent. DBS noted that PropNex is trading close to its all-time high valuation, at around 11.7 times the brokerage' s estimates for FY2022 earnings.
The brokerage team also said the stock is trading at a 12 per cent premium to its closest peer APAC Realty, and is in line with two other international peers' average of 11.8 times.
DBS said it applied a peg close to two standard deviations of PropNex' s historical average to reflect the current strong residential property market sentiment in Singapore, but added that it is not attributing a higher target valuation peg due to the risk of property cooling measures ahead.
It noted that the Singapore residential property price index (PPI) is up 7.1 per cent in the past year and up 8.9 per cent since the last set of cooling measures in 2018. The measures were previously invoked after the PPI rose 9 per cent over five quarters.
Nevertheless, barring the cooling measures, DBS expects property prices to continue rising in 2022 due to pent-up demand amid Singapore' s reopening, more property upgraders, a low interest rate environment, construction delays, fewer new launches and a depleting inventory of unsold new launches.
PropNex is likely to continue riding on the strong property market due to its expanding share of the various market segments. However, the company' s gross profit margins may be weighed down by the lower supply of new launches, as there will be a higher revenue mix from the resale segment that has a slightly lower gross profit margin, DBS said.
The brokerage team also said it expects the real estate agency will pay dividends of S$0.10 per share for FY2021 and FY2022, which implies dividend yields of 5.6 per cent.
SAC Capital maintains ' hold' on PropNex but ups target price to $2
SAC Capital analyst Tracy Lim has upped her target price for PropNex from $1.27 to $2 in an August 27 research note.Her higher target price is based on a P/E multiple of 13.8 times, which is one standard deviation above FY2021 P/E, reflecting the strong momentum of the property market that' s expected to continue in the near term.
" We expect home prices to remain resilient with higher developer costs that will translate to higher property prices, more HDB upgraders and long waiting times for BTO flats," she says. In addition, property investments by high-net-worth individuals due to Singapore' s " safe-haven" status are also expected to contribute to the increase.
" The low inventory of unsold private residential units in the market is, however, a double-edged sword," she cautions.
PropNex reported its 1HFY2021 ended June results on August 11, with earnings making up 82.4% of Lim' s FY2021 forecasts, beating her expectations.
Following the " strong set" of results, she has tweaked her FY2021 revenue estimates up by 28.8%, while her earnings forecast for the year increased by 40.8% to $53.6 million. She also introduced her FY2022 forecasts.
Nonetheless, she has kept her " hold" call on PropNex unchanged, as she believes the market has priced in PropNex' s strengths. " We are cautious about i) possible property cooling measures ii) strong growth rate might not sustain and iii) dwindling supply in the pipeline and fewer new launches expected pointing to lower transaction volume next year," she adds.
As at 4.54pm, shares in PropNex are trading down 4 cents or 2.08% lower at $1.88.
PropNex announces partnership with Tiger Brokers and SingCapital
PropNex, Tiger Brokers (Singapore) and financial advisory firm SingCapital have announced a partnership that will see the real estate agency collaborating exclusively with the trading platform." This collaboration allows a larger group of salespersons, staff PropNex clients and the retail investors to be part of the growth as the company enters into its fourth year of being listed in the mainboard Singapore Exchange," says PropNex CEO Ismail Gafoor.
The collaboration will be formally launched at the virtual PropNex Midyear Convention 2021 today.
" Our objective is to encourage greater financial literacy and prudence amongst our salespersons, partners and clients alongside SingCapital and Tiger Brokers. Our vision is to become a more inclusive ecosystem in involving our stakeholders in the growth of our business and towards financial independence," Gafoor adds.
As part of the partnership, Tiger Brokers will contribute up to $240 worth of PropNex stock vouchers to the PropNex " community" - which includes its salesforce, staff, clients and retail investors - who are onboarded with its trading platform Tiger Trade.
A series of webinars will also be organized together with SingCapital. " SingCapital is looking forward to have the opportunity to empower the community with the necessary investment knowledge to make the right investment planning that will work for them," says Alfred Chia, CEO of SingCapital.
For Tiger Brokers, the partnership announcement follows the recent launch of its business-to-business (B2B) segment which caters to financial institutions.
" We believe that partnerships like this will help our partners' community to make informed financial decisions. We are confident that with our technologically advanced system, puts us in a good position to partner with financial institutions to enable them to better manage relationships and investments with their clients," Henry Toh, CFO of Tiger Brokers says in a statement released by the company on August 26.
As at 12.55pm , shares in PropNex are up 6 cents or 3.26% higher at $1.90.
Just wonder if 5 failed bto prove to be catalyst ?
collab with tiger brokers..
long to enjoy...
long to enjoy...
This week need to be more caution DJ dua Lau sai and tomorrow this counter xd some more.
satruz ( Date: 19-Aug-2021 11:55) Posted:
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