APAC Realty

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16 Nov 2020 00:15 #25531 by josephyeo
Replied by josephyeo on topic APAC Realty
Why I am vested in Apac Realty:

1) dividend yield (annualized) of 5.26%
2) forward p/e 8.7
3) market sentiments on property improving
4) 3rd quarter figures show some improvements in the number of units sold
5) trading below nta of 43.1 cents
6) net cash w cash of S$34.2 mil against debt of S$53.1 mil

For info only. Dyodd

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16 Nov 2020 10:25 #25532 by josephyeo
Replied by josephyeo on topic APAC Realty
Price history:

52 weeks - high 51.5 low 28.5
2 years --- high 68.0 low 28.5
5 years --- high 128.0 low 28.5

For info only. Dyodd.

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16 Nov 2020 14:35 #25534 by josephyeo
Replied by josephyeo on topic APAC Realty
DBS Group Research has upgraded its recommendation on real estate services provider Apac Realty, which owns ERA Realty Network, to " buy" from " hold". The research team cited better-than-expected property transaction activities and " attractive valuations" .

It has also raised its target price (TP) on the counter to S$0.53, from S$0.40 previously. The revised TP represents a 39 per cent upside from Apac Realty' s Friday close of S$0.38.

As at 1.05pm on Monday, the counter was trading at 39.5 cents, up 1.5 cents or 4 per cent.

" The property market was resilient amid the Covid-19 pandemic. Transaction activities in the various segments only saw a slight decrease of between 1.2 percent and 5.2 percent year on year in 9M 2020," wrote DBSanalyst Ling Lee Keng in a research note on Monday.

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23 Nov 2020 22:03 #25540 by josephyeo
Replied by josephyeo on topic APAC Realty
Maintain BUY with a higher DCF-derived TP of SGD0.55 from SGD 0.50, 28% upside with c.5% yield. Singapore residential volumes have staged a strong rebound in 3Q, with recovery seen across both primary and resale market. ERA Realty (ERA), APAC's wholly-owned subsidiary, which commands c.33%
residential market share, is well-positioned to ride on this recovery. The stock current P/E of 10x isnot expensive in our view when compared to low-mid teen levels typically seen during market upcycles.

Above is an extract from RHB report dated 23 Nov 2020

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