These catalysts include an 80% y-o-y increase for profit in 2025, a potential special dividend, higher HDB prices and UOBKH’s optimistic forecast for new property launches in the first half of 2026. In addition, Loh holds a favourable view of the company’s 56% return on equity and forecasted 5.6% free cash flow yield for 2025.
UOB Kay Hian (UOBKH) analyst Adrian Loh reiterated his optimism in PropNex by raising the counter’s target price by more than 25% to $2.51 and maintaining its “buy” rating.
In a research note dated Jan 8, Loh believes that with a Jan 7 closing price of $1.96, it is now an opportune time for investors to explore the PropNex, given “multiple” near- and medium-term catalysts.
