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401-420 of 794
? Downgrade to hold but target price up by 80%!!!?? pathetic state of our stock market analysis.
pcxiao2008 ( Date: 12-Aug-2021 12:47) Posted:
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downgrade and upgrade all they said...haha
PhillipTan ( Date: 12-Aug-2021 12:42) Posted:
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It?s same few fellas pushing the price up. Since they pushed it to $2.20 previously, next round they?ll probably hit $2.50 before dumping to coincide with any ?correction? in DOW.
honesty ( Date: 12-Aug-2021 10:33) Posted:
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UOBKH downgrades PropNex to ' hold' on worries 2021 could mark earnings peak
UOB Kay Hian (UOBKH) has downgraded its call on PropNex to " hold" from " buy" with a higher target price of S$2.09 versus S$1.34 previously, after the real estate agency on Wednesday posted a strong set of H1 FY2021 results which exceeded expectations.In a report on Thursday, analyst Adrian Loh said the downgrade comes in view of PropNex' s strong share price performance in the year to date.
While he believes continued bullish industry news flow may support PropNex' s share price in the short term, such strength will be " difficult to sustain" in Q4 of FY2021 as well as throughout FY2022, in his view.
" Given the strong transaction volumes seen across all its business segments in H1 FY2021 as well as the new and potentially lucrative en bloc team that is now in place, we worry that 2021 may be the peak earnings year for PropNex," he explained.
Following PropNex' s latest declared interim dividend of 5.5 Singapore cents, which formed 58 per cent of UOBKH' s prior full-year estimate of 9.5 cents, the research house has upgraded its FY2021 dividend per share estimate to 11 cents.
It has raised FY2021 to FY2023 earnings estimates by 6 to 17 per cent, with the largest changes expected in the first financial year due to stronger-than-expected transaction volumes across the board.
" We have also conservatively factored in a 50 per cent success rate for its S$4.4 billion worth of en bloc projects which translate to a revenue uplift of S$1.4 million and S$4.1 million for 2021 and 2022 respectively," said Mr Loh.
Noting declining inventory of unsold private homes over the past two years, he is positive that the " en bloc fever" in Singapore will resume, presenting upside to PropNex' s earnings in the next 12 to 18 months.
" Our target price-to-earnings (P/E) multiple of 12.5 times is two standard deviation points above the company' s historical average of 6.6 times. We have chosen not to lower our target P/E multiple given various issues that could still lend support to its share price," said the analyst of current valuations.
As at 11.17am on Thursday, shares of PropNex were trading S$0.03 or 1.5 per cent higher at S$1.99.
possibly trading among themselves,such pathetic low volume indicates this and hopeful to push up beyond 2/- so it jumps by every 5 cents?
watch this closely...crawling up again...
PropNex Q2 net profit more than doubles to S$16.5m
REAL estate agency PropNex on Wednesday announced net profit of S$16.5 million for the second quarter ended June 30, more than doubling from the S$7.3 million profit for the year-ago period.
This brought net profit for the first half to S$31.3 million, up from S$14.8 million a year ago.
The company has declared an interim dividend of 5.5 Singapore cents per share - the highest since its listing - to be paid out on Sept 3.
Revenue for the quarter jumped 147.2 per cent to S$260.5 million, from S$105.4 million a year ago, on the back of higher commission income from agency services and project marketing services.
In a statement on Wednesday morning, PropNex said the strong growth was due to a higher number of transactions completed in Q2 following improvements in both the Covid-19 situation and the economy.
Earnings per share (EPS) rose to 4.46 Singapore cents in Q2, up from 1.96 cents in the year-ago period. This brings EPS for H1 to 8.47 cents, more than doubling from 4.01 cents a year ago.
" The residential market has held up well amid the tighter safe management measures under the Phase 2 (Heightened Alert) in May and June. Transaction volumes remained relatively healthy across all market segments, buoyed by optimism in the outlook for the Singapore economy and the relatively low interest rate environment," said Ismail Gafoor, PropNex' s co-founder, executive chairman and chief executive officer.
In a company note on Tuesday ahead of PropNex&rsquo s results announcement, CGS-CIMB had expected PropNex to post " another strong quarter" on the back of " the robust residential market transactions and the low base in H1 2020" .
However, PropNex&rsquo s results beat CGS-CIMB&rsquo s estimates for Patmi (profit after tax and minority interests) to come in at S$10 million to S$13 million for Q2 and for an interim dividend per share of around 2.7 to three Singapore cents to be declared.
CGS-CIMB had raised the target price for the counter to S$2.05, from S$1.19 previously.
While the research house downgraded PropNex to " hold" , from " add" previously, it remains optimistic on the real estate agency' s growth potential.
" As its share price has surged 81 per cent since its Q1 2021 results, we believe much of the earnings optimism has been factored into the current share price," said analyst Lock Mun Yee.
&ldquo We remain upbeat as we anticipate the company to continue to achieve positive year-on-year earnings momentum,&rdquo she added.
Looking ahead, Ms Lock said the robust volume of transactions in the first half could drive PropNex&rsquo s earnings growth in H2 FY2021.
&ldquo As buyers complete their purchases, brokerage fees from these transactions are likely to underpin its revenue in H2 FY2021,&rdquo she explained.
CGS-CIMB is raising its EPS estimates for FY2021 to FY2023 by 15.7 to 33.2 per cent to factor in higher projected contributions from new and resale residential transactions
&ldquo We remain positive on PropNex&rsquo s asset-light business model and believe its attractive projected dividend yield of 4.8 per cent - assuming an unchanged payout of 70 per cent - would be supportive of its share price in the medium term,&rdquo Ms Lock said.
when landbank runs short, developers wont have many projects and all developers will not pay high commission of 4 to 10% to push their projects. reckond commission for new projects would be between 1 to 1.5% very soon.
govt is doing the right move in not releasing too many landbank and this is a deterrence to buyers thinking of jumping in and holding it to capitalise on capital gains and artificially cost prices to escalate steelply which will affect the govt next election strategy
buyers must be beware not to commit knowing INTEREST RATE will rise high very soon. Go to developers to buy direct and ask for discount, make developers feel squeezed if the units are not all sold within 5 years of the tenders awarded
agencies are making money out of their sales persons as they are not paid salaries and only depend on commission to survive and they keep saying to buyers and sellers FOMO (fear of missing out) do not let your sentiment to join the herd instinct, owning a private property comes with high property tax, maintenance fee, interest rates and soon CAPITAL GAIN TAX, Why foreigners willing to pay 20% ABSD because they have holding power and yet ZERO CAPITAL GAIN TAX
DOYDD
govt is doing the right move in not releasing too many landbank and this is a deterrence to buyers thinking of jumping in and holding it to capitalise on capital gains and artificially cost prices to escalate steelply which will affect the govt next election strategy
buyers must be beware not to commit knowing INTEREST RATE will rise high very soon. Go to developers to buy direct and ask for discount, make developers feel squeezed if the units are not all sold within 5 years of the tenders awarded
agencies are making money out of their sales persons as they are not paid salaries and only depend on commission to survive and they keep saying to buyers and sellers FOMO (fear of missing out) do not let your sentiment to join the herd instinct, owning a private property comes with high property tax, maintenance fee, interest rates and soon CAPITAL GAIN TAX, Why foreigners willing to pay 20% ABSD because they have holding power and yet ZERO CAPITAL GAIN TAX
DOYDD
price already factored in....no show liao...
PropNex Q2 net profit more than doubles to S$16.5m
REAL estate agency PropNex on Wednesday announced net profit of S$16.5 million for the second quarter ended June 30, more than doubling from the S$7.3 million profit for the year-ago period.This brought net profit for the first half to S$31.3 million, up from S$14.8 million a year ago.
The company has declared an interim dividend of 5.5 Singapore cents per share - the highest since its listing - to be paid out on Sept 3.
Revenue for the quarter jumped 147.2 per cent to S$260.5 million, from S$105.4 million a year ago, on the back of higher commission income from agency services and project marketing services.
In a statement on Wednesday morning, PropNex said the strong growth was due to a higher number of transactions completed in Q2 following improvements in both the Covid-19 situation and the economy.
Earnings per share (EPS) rose to 4.46 Singapore cents in Q2, up from 1.96 cents in the year-ago period. This brings EPS for H1 to 8.47 cents, more than doubling from 4.01 cents a year ago.
" The residential market has held up well amid the tighter safe management measures under the Phase 2 (Heightened Alert) in May and June. Transaction volumes remained relatively healthy across all market segments, buoyed by optimism in the outlook for the Singapore economy and the relatively low interest rate environment," said Ismail Gafoor, PropNex' s co-founder, executive chairman and chief executive officer.
Shares of PropNex closed 1.5 per cent or S$0.03 lower at S$1.96 on Tuesday, before the results announcement.
PROPNEX' S 2Q2021 NET PROFIT AFTER TAX GREW 135% TO S$18.2 MILLION
- Declares interim dividend of 5.5 Singapore cents per share
- Revenue grew 147% to S$260.5 million - Debt-free, strong cash position of S$120.7 million
- Extends regional footprint to Cambodia via master franchise
https://links.sgx.com/1.0.0/corporate-announcements/WBEKYYV87ER4E7BB/678070_PXL%20-%202Q2021%20Results%20News%20Release.pdf
- Declares interim dividend of 5.5 Singapore cents per share
- Revenue grew 147% to S$260.5 million - Debt-free, strong cash position of S$120.7 million
- Extends regional footprint to Cambodia via master franchise
https://links.sgx.com/1.0.0/corporate-announcements/WBEKYYV87ER4E7BB/678070_PXL%20-%202Q2021%20Results%20News%20Release.pdf
trapped retailers in the morning...cunning BB
PropNex
On July 8, PropNex PropNex: OYY +1.9% executive director Kelvin Fong Keng Seong acquired 300,000 shares of the company, for a consideration of S$540,000 at S$1.80 per share.
This took his deemed interest in PropNex from 8.50 per cent to 8.58 per cent and followed his acquisition of 391,500 shares between June 14 and 28, all at S$1.50 per share.
Mr Fong has gradually increased his deemed interest in PropNex from 7.63 per cent in February 2019.
He oversees the group' s training development curriculum and administers the development of IT strategies and technology innovations to improve the group' s competitive edge in the industry.
He has curated the signature PropNex bootcamp that empowers over 3,000 salespersons annually together with other team leaders.
While the integrated real estate services group - with core businesses in real estate brokerage, training, property management and real estate consultancy - ranks outside the 100 most traded stocks by turnover, average daily turnover in the stock has grown close to six-fold in the 2021 year, compared to 2020 when PropNex celebrated its 20th anniversary.
The share price rallied from 78.0 cents at the end of 2020 to S$1.53 at the end of June, and then to S$2.10 as of the July 15 close.
In response to questions posed at the April 28 AGM, PropNex outlined its strategy for the next five years, which includes growing to more than 10,000 salespersons, diversifying into consultancy services, enlarging its footprint in Asean, and pursuing innovation and investing in technology.
On the latter, PropNex noted that Covid-19 has provided for a greater technology impetus and faster rate of adoption by salespersons.
Management believes that innovation and technology will continue to be an area of focus for the group.
PropNex triggers SGX query with share price spike APAC Realty jumps 13%
SHARES of mainboard-listed real estate service providers PropNex and APAC surged in early trade on Thursday, ahead of the expected release of June data on private residential properties by the Urban Redevelopment Authority on the same day.
Shares of PropNex climbed as much as 11.1 per cent or S$0.22 to S$2.21 with 1.1 million shares changing hands as at 9.41am.
This prompted a query from Singapore Exchange Regulation (SGX Regco) over its " unusual" price movements.
In the query issued at 9.53am, SGX Regco asked PropNex if it was aware of any information not previously announced that might explain the unusual trading activity.
Responding late on Thursday night, PropNex said it was not aware of information that might explain the trading. As for any other possible explanation, PropNex noted Singapore&rsquo s continued economic recovery and strong property transaction volumes in the first half of the year.
&ldquo As Singapore&rsquo s largest listed real estate agency, PropNex Limited is a direct beneficiary of the resilient Singapore property market and the positive economic outlook,&rdquo the agency said. It confirmed that it remained in compliance with listing rules.
APAC Realty, which owns ERA Realty Network, also had a jump in its share price in early trade on Thursday.
the reason spike seen unreasonable, better lock-in profit at high level. dyodd
real estate agency depends on sales persons to earn money for them. Sales persons survival based on the commission earned. They are mobile and can leave to another agency anytime. History has shown that agencies can shrink in member size easily. My view is listed company propnex or ERA are heavily over price.
Have ... IFast .
y2jchris ( Date: 15-Jul-2021 11:05) Posted:
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Should slow down or pull back...
PhillipTan ( Date: 15-Jul-2021 11:31) Posted:
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PropNex triggers SGX query with share price spike APAC Realty jumps 13%
Shares of mainboard-listed real estate service providers PropNex and APAC Realty surged in early trade on Thursday, ahead of the expected release of June data on private residential properties by the Urban Redevelopment Authority on the same day.Shares of PropNex climbed as much as 11.1 per cent or S$0.22 to S$2.21 with 1.1 million shares changing hands as at 9.41am.
This prompted a query from Singapore Exchange Regulation (SGX Regco) over its " unusual" price movements.
In the query issued at 9.53am, SGX Regco asked PropNex if it was aware of any information not previously announced that might explain the unusual trading activity.
PropNex was also asked to confirm that it remained in compliance with SGX listing rules.
APAC Realty, which owns ERA Realty Network, also saw its share price jump in early trade on Thursday.
Shares of APAC Realty rose by as much as 13.2 per cent or S$0.10 to S$0.86 with 4.9 million shares changing hands as at 10.02am.
As at 11.02am, shares of PropNex and APAC Realty have eased to S$2.15 and 84.5 Singapore cents, respectively.
never seems the case leh.
they awlays say it will go down.. but this one really to the moon.
i think modern credit vs debit game is nuts.. too many future money used..
they awlays say it will go down.. but this one really to the moon.
i think modern credit vs debit game is nuts.. too many future money used..
bxylqwan ( Date: 15-Jul-2021 10:35) Posted:
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