Apac Realty is now offering an “attractive” 7% FY2026 yield (at an 80% dividend payout), says Natarajan. The group’s net cash position and limited capex and investment requirements present room for special dividends, he adds.
RHB Bank Singapore analyst Vijay Natarajan has upgraded Mainboard-listed Apac Realty to “buy” from “neutral” as the risk-reward behind the property agency’s stock “turns favourable”.
Apac Realty’s share price has declined some 27% from a near-five year peak in September 2025, presenting “reasonable entry levels” with the stock trading at a “modest” 12 times FY2026 price-to-earnings (P/E), says Natarajan in a June 5 research note.
