SG stocks Friday 25 February 2022: Straits Trading, SIA, LS2, Temasek, Raffles Education, PropNex, ValueMax, Maxi-Cash and Centurion.
Real estate agency PropNex reported Thursday its 2021 net profit jumped 106 percent on-year to S$60.03M as property transactions increased.
SG stocks Tuesday 22 Feb 2022: SIA Engineering, Elite Commercial REIT, Raffles Education, PropNex, Raffles Medical, Marco Polo Marine and Yangzijiang.
PropNex stated Monday that Chairman Ismail told a salesperson event the commissions for 2021 transactions the company handled would top S$1B.
Simsville’s en bloc deal has been delayed after the Singapore government introduced fresh property cooling measures, Shenton Wire learned.
Singapore stocks Thursday, 11 Nov. 2021: Keppel, SPH, ComfortDelGro, StarHub, United Hampshire US REIT, AEM, CLCT, Tiong Seng, IREIT, SATS, Nordic, Sakae, Trans-China Automotive.
Singapore companies in focus Tuesday, 2 Nov. 2021: SPH REIT, SPH, Temasek, SembMarine, Yangzijiang, Oxley, SGX, Elite Commercial REIT, Alset and Challenger.
The reserve price for Simsville’s en bloc sale is likely at S$859M to S$901.5M, according to marketing material seen by Shenton Wire.
UOB Kay Hian upgraded Propnex to Buy, saying the company’s fundamentals warrant a more bullish stance amid a robust Singapore property market.
Singapore real estate agency PropNex said Wednesday 2Q21 net profit climbed 134.5% on-year to S$18.18M on a higher number of transactions.
PropNex pointed to a solid outlook for Singapore’s property market as a possible explanation for the 16% surge in its shares this week.
UOB KayHian downgraded PropNex to Hold from Buy after earnings came in below expectations and as transaction volumes are expected to be weaker.