Simons Trading Research

Author: simonsg   |   Latest post: Tue, 23 Apr 2019, 5:47 PM


APAC Realty - Negatives Priced in

Author:   |    Publish date:

  • APAC Realty’s 1H18 net profit gained 8.7% - in line; interim 2cts DPS declared. 
  • Stable market share of 37.5%. 
  • Healthy project pipeline but take-up rate remains to be seen. 
  • Upgrade to HOLD; impact from property cooling measures priced in. 

Upgrade to Hold; Impact From Property Cooling Measures Priced in

We believe APAC Realty’s current share price has already priced in the impact from the recent property cooling measures. 

We have already assumed market transaction activities to be lower this year as compared to last year, and to stay flat in 2019 while the healthy project pipeline in 2H18 and 2019 should provide some support.

Upgrade to HOLD. 

Source: DBS Research - 08 Aug 2018

Share this
Labels: APAC Realty

Related Stocks

Chart Stock Name Last Change Volume 
APAC Realty 0.625 -0.005 (0.79%) 850 

  Be the first to like this.


136  132  210  623 

Top 10 Active Counters
 AEM 1.16+0.11 
 Suntec Reit 1.84-0.05 
 COSCO SHP SG 0.375+0.03 
 ThaiBev 0.835-0.005 
 Genting Sing 0.965+0.01 
 YZJ Shipbldg SGD 1.56+0.01 
 SingTel 3.14-0.03 
 Rex Intl 0.080.00 
 Ascendas Reit 2.99+0.04 
 Asian Pay Tv Tr 0.1690.00 
Partners & Brokers