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PropNex sells 113 new homes during 6 weeks of circuit breaker
THU, MAY 21, 2020 - 5:50 AM
Singapore
PROPNEX Realty has sold 113 new homes in the first six weeks of the " circuit breaker" , accounting for an impressive 74.3 per cent market share of top-selling projects as buyers get comfortable with virtual viewing.
That makes for almost three-quarters of the 152 units in...
https://www.businesstimes.com.sg/real-estate/propnex-sells-113-new-homes-during-6-weeks-of-circuit-breaker
PropNex' s Q1 net profit more than triples on higher property transactions
THU, MAY 14, 2020 - 7:02 PM
REAL estate agency PropNex on Thursday posted S$8.2 million in net profit for the first quarter, up from the S$2.3 million in the preceding year, boosted by property transactions carried forward and a recovery in the private home market.
Revenue gained 82.7 per cent to S$135.6 million for the quarter ended March 31. The mainboard-listed group said it finished 2019 with more than S$500 million in gross commission from its total property transactions. Transactions yielding about S$420 million in commission were completed and invoiced that year, and the remaining transactions were carried forward.
PropNex also attributed the growth in revenue to a recovery of the private residential market from the government-imposed cooling measures. For instance, the private new-home sales segment saw 2,149 units moved in Q1, a 16.9 per cent increase from the same period a year ago.
Earnings per share for the quarter stood at 2.05 Singapore cents, up from 0.54 cent in the preceding year.
However, PropNex warned that the private residential segment could undergo an overall contraction in 2020. It expects most of the impact to be reflected in its financial performance for the second half of the year.
This comes as property viewings and marketing roadshows have been suspended during Singapore' s circuit-breaker period. " Even before the circuit-breaker measures, many existing owners had postponed their decision on selling, as they were not comfortable with inviting potential buyers to their homes," PropNex said.
In addition, developers are adopting a wait-and-see approach to their project launches, PropNex added.
That said, the group expects 30 projects with a total of close to 10,000 units to be rolled out in the subsequent quarters. It has been appointed for 14 projects comprising more than 6,500 units.
Shares of PropNex closed down 2.02 per cent to S$0.485 on Thursday before the announcement.
https://www.businesstimes.com.sg/companies-markets/propnexs-q1-net-profit-more-than-triples-on-higher-property-transactions
px continue dn to 480
oversold and rebound to 540
week mid bollinger @550
ew w0 480 w1?550 w2?
w1 80
w2 50 tgt 500
- likely in this range for sometime
- 550 to 500
w3
oversold and rebound to 540
week mid bollinger @550
ew w0 480 w1?550 w2?
w1 80
w2 50 tgt 500
- likely in this range for sometime
- 550 to 500
w3
Forestwood ( Date: 01-Jul-2019 15:39) Posted:
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what&rsquo s your view on this share now?
SgYuan ( Date: 03-May-2019 08:59) Posted:
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w5 70 tgt 640 up 100% of w1
- now px hit 620 delta 50 up 71%
- it may not have the power to reach 640
- have profit take
- px hit 625 and uturn
wa 625 555 delta 70
- once uturn wb start
wb 555 ?600 delta 45 up 61.8%
wc 600 ?530 delta 70 dn 100%
- now px hit 620 delta 50 up 71%
- it may not have the power to reach 640
- have profit take
- px hit 625 and uturn
wa 625 555 delta 70
- once uturn wb start
wb 555 ?600 delta 45 up 61.8%
wc 600 ?530 delta 70 dn 100%
SgYuan ( Date: 02-Apr-2019 20:54) Posted:
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Propnex dividends:
final 1.5 cts, plus special 2.0 cts ... total 3.5 cts.
APAC Realty dividends:
interim 2.0 cts, final 2.5 cts ... total 4.5 cts
final 1.5 cts, plus special 2.0 cts ... total 3.5 cts.
APAC Realty dividends:
interim 2.0 cts, final 2.5 cts ... total 4.5 cts
callers ( Date: 02-Apr-2019 20:53) Posted:
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wave c end 460
ew w0 460 w1 530 w2 500 w3 610 w4 570 w5?
w1 70
w2 30 dn 43%
w3 115 tgt 615 up 161.8%
- px hit 610 delta 110 up 157%
w4 40 tgt 570 dn 38.2%
- px hit 570
w5 70 tgt 640 up 100% of w1
- now px hit 620 delta 50 up 71%
- it may not have the power to reach 640
- have profit take
ew w0 460 w1 530 w2 500 w3 610 w4 570 w5?
w1 70
w2 30 dn 43%
w3 115 tgt 615 up 161.8%
- px hit 610 delta 110 up 157%
w4 40 tgt 570 dn 38.2%
- px hit 570
w5 70 tgt 640 up 100% of w1
- now px hit 620 delta 50 up 71%
- it may not have the power to reach 640
- have profit take
SgYuan ( Date: 26-Dec-2018 09:59) Posted:
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How much dividend does Apac Realty pay and roughly which date will Apac Realty XD?!
josephyeo ( Date: 02-Apr-2019 19:27) Posted:
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UOB Kay Hian has a buy recommendation. Target price 66 cts.
You may want to check on this site ... SGinvestors.io
You may also like to take a look at APAC Realty. It has 2 buy recommendations,
one by DBS Research w a target price of 70 cts and another by RHB Invest w a target price of 72 cts.
You may want to check on this site ... SGinvestors.io
You may also like to take a look at APAC Realty. It has 2 buy recommendations,
one by DBS Research w a target price of 70 cts and another by RHB Invest w a target price of 72 cts.
Curious, Is there any brokerage or analyst that got give a price target for this Propnex share??!
This counter got the potential to touch 70cts in a short term with a dividend 3.5cts...
During crisis, all cooling measures will release as demand plunge and everybody' s balls shrink...from panic price drops and bank mortgagee sales shoot up.
No need to ask this ask that....dont believe all these agency people. Many senior experts here ride a few cycles....know better.
Eyeing a few developments now...freehold... Lock and ready people.
No need to ask this ask that....dont believe all these agency people. Many senior experts here ride a few cycles....know better.
Eyeing a few developments now...freehold... Lock and ready people.
Goldfinger ( Date: 16-Mar-2019 15:35) Posted:
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Yup...i bot a freehold 3 bedrm blw 700k in 2004....one crisis after another, start frm asian crisis, gulf war n sars....wasted as hesistate to get one in Pg....
Goldfinger ( Date: 16-Mar-2019 15:35) Posted:
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Man - I loved the Asian, Global crises, Iraq War etc - so much panic selling so many fire sales to profit from. I bought many of my props during these panic periods.
iinvestor ( Date: 16-Mar-2019 14:35) Posted:
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The authorities should put a stop to all these extension of options or OTP after a reasonable amount of time and not leave it to the developers.
It can be abused to create a ' false market' and then suck unknowing honest people to sink in their money.
This will cause even greater hardship if prices plunge. Don' t think it will never happen again..
Remember 1998....
It can be abused to create a ' false market' and then suck unknowing honest people to sink in their money.
This will cause even greater hardship if prices plunge. Don' t think it will never happen again..
Remember 1998....
Does anyone here honestly not believe that SG CCR and RCR property bought at a good price is not a great long term hold? It is the have vs have not debate and struggle at work.
Head u win, tail u also win.
on one hand claiming launch sales are well received, on the other, askjng govt to relax rules to facilitate sales. Win win situation for them.
on one hand claiming launch sales are well received, on the other, askjng govt to relax rules to facilitate sales. Win win situation for them.
Probably their are stuck with number of units unsold and now screaming for buyers!
sengsk ( Date: 15-Mar-2019 09:05) Posted:
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All property developers including propety agencies want to see ultimate buyers kenna s-u-c-k dry, only interested to get rid of stock and commission. Only govt has the numbers and data to see the big picture of the pending downturn of an economic cycle.
Propnex claim Y2018 many peoples rush to buy so why he so concern to release cooling measure ?
It could be Propnex got problems????????????
https://www.youtube.com/watch?v=c1ITPGbbc6Q
It could be Propnex got problems????????????
https://www.youtube.com/watch?v=c1ITPGbbc6Q
Elf2000 ( Date: 14-Mar-2019 21:57) Posted:
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