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PropNex
Broker's Calls
SAC Capital maintains 'hold' on PropNex but ups target price to $2
The higher TP reflects the strong momentum of the property market that’s expected to continue in the near term.
August 27, 2021
Deals, joint ventures & alliances
PropNex announces partnership with Tiger Brokers and SingCapital
$240 worth of PropNex stock vouchers will be offered to PropNex salespersons, clients and investors onboarded on Tiger Trade.
August 26, 2021
Broker's Calls
UOB Kay Hian downgrades PropNex on 'tough to repeat' performance
UOB Kay Hian has downgraded PropNex to "hold" but upped its target price.
August 12, 2021
Results
PropNex sees 127% surge in 2Q21 earnings, declares interim DPS of 5.5 cents
The interim dividend of 5.5 cents is PropNex's highest since listing.
August 11, 2021
SGX query
PropNex triggers SGX query after share price jumps nearly 10%
The query was issued after PropNex's share price rose to $2.19 this morning.
July 15, 2021
Property
PropNex expands to Cambodia, boosting salesforce to 12,000
PropNex Cambodia is headquartered in Phnom Penh, with a salesforce of close to 500.
May 19, 2021
Broker's Calls
Analysts raise PropNex target price to at least $1.19 after 1Q21 beats expectations
CGS-CIMB and PhillipCapital raised their target prices for PropNex to $1.19 and $1.36 respectively.
May 17, 2021
Results
PropNex earnings for 1Q21 nearly doubles to $15 mil on better transaction volume
EPS jumped 95.6% y-o-y to 4.01 cents, from 2.05 cents previously.
May 11, 2021
Property
Agencies have the upper hand in the short term
Agencies with asset light balance sheets have the upper hand in the short term with cash generation
March 05, 2021
Broker's Calls
PropNex to benefit from stronger resale transactions and healthier property market in FY2021: analysts
The stronger resale market is expected to continue propelling PropNex's performance.
March 03, 2021