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641-660 of 794
Apac has slight higher margin than pronex, but apac has huge intangible
CBRE under ERA - Apac Stock
PropNex won't rest ... I think hunting for target.
PropNex won't rest ... I think hunting for target.
PropNex started at 'buy' by UOB on strong branding, regional expansion By: PC Lee
12/09/18, 04:00 pm
SINGAPORE ? UOB KayHian is starting coverage of real estate agency PropNex with a *BUY* and target price of 65 cents or 10 times FY19 forecast earnings given negatives from the recent cooling measures have been priced in.
?We believe it is a low-risk proxy to Singapore property with a future-proof business model. Leveraging on its strong brand equity, PropNex has also expanded regionally,? says lead analyst Loke Peihao in a Wednesday report.
PropNex, which has 7,512 agents as at Sept 10, has dominant share of 43.8% in the residential private market in 2017 in terms of transactional value and 45.8% of the stable HDB resale market in 2016.
Compared to developers who face huge capital outlays on land bidding and construction, development risks and holding costs, PropNex offers a more asset-light approach to Singapore property.
Furthermore, the cooling measures announced on July 5 have constrained developers in terms of their new launch pricing, resulting in thinner margins.
Buy...Buy....Buy Propnex Stock!
In contrast, PropNex?s agency business is insulated due to higher commissions from developers to incentivise agents, a strong pipeline of 20 projects till end 2019 and a still resilient resale market supported by replacement demand from those who have sold their properties in an en bloc sale.
In addition, PropNex also has a strong agent focus with a future-proof business model and owner-sponsored structure.
According to UOB, PropNex?s dual-career path, training culture and marketing platform, as well as competitive compensation, have led to higher retention and growth of its agent network.
?PropNex would be the preferred ?suitor? among smaller agencies as the industry consolidates,? says Loke.
Meanwhile, executive chairman and CEO Mohamed Ismail and executive directors Alan Lim and Kelvin Fong own more than 70% of the company, ?ensuring strong management interest alignment?.
?Our forecasts conservatively assumed a 10% y-o-y decline in non-landed new sales volume for 2019 as well as 40% marketshare by PropNex. If non-landed new sales volume for 2019 stays flat, our target price will work out to 68 cents,? says Loke.
As at 3.57pm, shares in PropNex are up 1.5 cents at 55 cents.
PROPNEX REALTY - Good time to buy is today :)
12/09/18, 04:00 pm
SINGAPORE ? UOB KayHian is starting coverage of real estate agency PropNex with a *BUY* and target price of 65 cents or 10 times FY19 forecast earnings given negatives from the recent cooling measures have been priced in.
?We believe it is a low-risk proxy to Singapore property with a future-proof business model. Leveraging on its strong brand equity, PropNex has also expanded regionally,? says lead analyst Loke Peihao in a Wednesday report.
PropNex, which has 7,512 agents as at Sept 10, has dominant share of 43.8% in the residential private market in 2017 in terms of transactional value and 45.8% of the stable HDB resale market in 2016.
Compared to developers who face huge capital outlays on land bidding and construction, development risks and holding costs, PropNex offers a more asset-light approach to Singapore property.
Furthermore, the cooling measures announced on July 5 have constrained developers in terms of their new launch pricing, resulting in thinner margins.
Buy...Buy....Buy Propnex Stock!
In contrast, PropNex?s agency business is insulated due to higher commissions from developers to incentivise agents, a strong pipeline of 20 projects till end 2019 and a still resilient resale market supported by replacement demand from those who have sold their properties in an en bloc sale.
In addition, PropNex also has a strong agent focus with a future-proof business model and owner-sponsored structure.
According to UOB, PropNex?s dual-career path, training culture and marketing platform, as well as competitive compensation, have led to higher retention and growth of its agent network.
?PropNex would be the preferred ?suitor? among smaller agencies as the industry consolidates,? says Loke.
Meanwhile, executive chairman and CEO Mohamed Ismail and executive directors Alan Lim and Kelvin Fong own more than 70% of the company, ?ensuring strong management interest alignment?.
?Our forecasts conservatively assumed a 10% y-o-y decline in non-landed new sales volume for 2019 as well as 40% marketshare by PropNex. If non-landed new sales volume for 2019 stays flat, our target price will work out to 68 cents,? says Loke.
As at 3.57pm, shares in PropNex are up 1.5 cents at 55 cents.
PROPNEX REALTY - Good time to buy is today :)
*PropNex Stock*
Posts Record 48.6% Increase In Net Profit For 1H 2018.
ShareInvestor Express
8 Aug 2018 | 5:57 PM
Singapore's largest real estate agency grows 67.4% in revenue. Group's salesforce grew 10.6% to 7,395-strong, up from 6,684 in January 2018. PropNex extends regional footprint with operations in Vietnam expected to commence in 3Q 2018...
Posts Record 48.6% Increase In Net Profit For 1H 2018.
ShareInvestor Express
8 Aug 2018 | 5:57 PM
Singapore's largest real estate agency grows 67.4% in revenue. Group's salesforce grew 10.6% to 7,395-strong, up from 6,684 in January 2018. PropNex extends regional footprint with operations in Vietnam expected to commence in 3Q 2018...
Toilet lady says Propnex profit seems higher.
Cannot short and some more CEO and directors are buying, so share price well supported.
Let see how long they can buy.
I still maintain my view, will trade below 55 cents.
Let see how long they can buy.
I still maintain my view, will trade below 55 cents.
iphone8 ( Date: 14-Jul-2018 00:03) Posted:
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https://www.channelnewsasia.com/news/singapore/new-private-home-sales-slump-20-2-in-june-10534288
property lower price 5-10%(will attract buyers)...property agent still earn commsions..end of day...need sell 5000 new homes...Property agents will sell for property developers..what difference the CURB have..LONG TERM IS HUAT
rhb just cut the target. dont think can short.
https://www.theedgesingapore.com/rhb-cuts-apac-realty-target-price-it-adjusts-new-curbs
https://www.theedgesingapore.com/rhb-cuts-apac-realty-target-price-it-adjusts-new-curbs
my brokerage firm cannot short this share.
which brokerage firm can short this share?
which brokerage firm can short this share?
Agong1234 ( Date: 12-Jul-2018 01:14) Posted:
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directors bought at 585 above 59...should go back abv 60cents...
Closed at 585 probably because of short covering.
Looks like 585 and 580 buyers dried up already.
Tomorrow (Thursday) if open 575 or above, can short.
Very likely to go down to trade below 550 in the coming days.
Looks like 585 and 580 buyers dried up already.
Tomorrow (Thursday) if open 575 or above, can short.
Very likely to go down to trade below 550 in the coming days.
guards80 ( Date: 11-Jul-2018 17:33) Posted:
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UOB KH already stop support the share price for this share.
moron101 ( Date: 11-Jul-2018 17:44) Posted:
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today still not bad have some free meal eat :) many cover up
If today close at 575 or above, then tomorrow maybe can have another small party.
Agong1234 ( Date: 11-Jul-2018 15:02) Posted:
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You are right I also lose BIG BIG hole when I Long
Nowsday shortist can gain. When i long i alway loss until pocket big hole
guards80 ( Date: 11-Jul-2018 15:45) Posted:
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Hmm i closing then cover.
Ramster ( Date: 11-Jul-2018 15:36) Posted:
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Guard80 any target price for today close????
congra to you
Ramster ( Date: 11-Jul-2018 15:29) Posted:
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