DBS calls the 1HFY2022 numbers “healthy”, as the property market has shown its “resilience” amid global challenges thanks to strong demand from both local and foreign buyers.
DBS Group Research has kept its “hold” call on APAC Realty with an unchanged target price of 67 cents, following a slight earnings dip reported by the property agency for its 1HFY2022.
The company, which operates the ERA franchise, plans to pay an interim dividend of 3.5 cents per share for 1HFY2022, representing a payout ratio of 75%. Back in 1HFY2021, APAC Realty paid an additional special dividend of 3 cents per share as well.
