PropNex Realty

PropNex receives price target upgrades following better-than-expected 3QFY2021 - THE EDGE SINGAPORE

Investing ideas

PropNex receives price target upgrades following better-than-expected 3QFY2021

Market watchers are largely positive on PropNex, after it reported 2.1 times higher earnings of $14.4 million in the 3QFY2021.
UOB Kay Hian upgrades PropNex to 'buy' on robust Singapore property market - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian upgrades PropNex to 'buy' on robust Singapore property market

Despite the upgrade, UOB Kay Hian has reduced PropNex’s target price estimate to $1.97 from $2.09 previously.

Broker's Calls

PhillipCapital downgrades PropNex on recent share price rally, which has already priced in positives

Despite the downgrade, PhillipCapital has raised its target price estimate to $2.08 on the back of higher earnings estimates.
Alset chairman Chan and PropNex director Fong raise stakes in respective companies - THE EDGE SINGAPORE

Alset chairman Chan and PropNex director Fong raise stakes in respective companies

Alset Ineternational chairman Chan Heng Fai and PropNex director Kelvin Fong Keng Seong raise stakes in respective companies.
UOB Kay Hian favours counters with strong earnings growth and those with majority of earnings outside Singapore - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian favours counters with strong earnings growth and those with majority of earnings outside Singapore

Singapore Airlines (SIA) remains the brokerage’s key “sell” call as they see travel resuming only after 3QFY2021.
Analysts maintain 'add' and 'buy' calls on PropNex after strong quarter - THE EDGE SINGAPORE

Broker's Calls

Analysts maintain 'add' and 'buy' calls on PropNex after strong quarter

Analysts from PhillipCapital, CGS-CIMB and UOB Kay Hian have also upped their target prices on surpassed expectations.
PropNex sees 10.6% stronger 3Q earnings of $6.8 mil on strong domestic demand in housing segments - THE EDGE SINGAPORE

Results

PropNex sees 10.6% stronger 3Q earnings of $6.8 mil on strong domestic demand in housing segments

The higher earnings brought earnings per share (EPS) to 1.83 cents for the quarter.

Broker's Calls

'Buy' PropNex due to its strong cash generation and digital edge: UOB Kay Hian

The analysts have raised their target price to 86 cents from 69 cents previously.

Broker's Calls

Analysts bullish on PropNex as 1H20 results 'exceeds expectations'

The analysts have also raised their target prices and earnings estimates for FY20.

Results

PropNex embraces digitalisation, reports 160% surge in 1H earnings to $14.8 mil

Amid social distancing measures and closed showflats, PropNex managed to record 160% surge in 1H earnings to $14.8 mil
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