Welcome!
PropNex Realty
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.
December 02, 2021
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.
October 06, 2021
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.
August 18, 2021
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.
June 25, 2021
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.
May 21, 2021
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.
November 16, 2020
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.
November 12, 2020
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.
October 29, 2020
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.
August 19, 2020
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
August 12, 2020