PropNex's 2025 Outlook Appears Solid on Likely Higher Transaction Volumes, Prices -- Market Talk

Dow Jones
01-24

0141 GMT - PropNex's 2025 outlook appears solid on likely higher transaction volumes and prices in Singapore's private and public housing markets, UOB Kay Hian's Adrian Loh says in a research report. The brokerage expects new-home launches to sequentially increase from 2H 2024 and into 1H 2025, contributing to better earnings for the real-estate agency in the near- to medium-term. The Housing & Development Board segment remains robust, the analyst says, noting long waiting periods for build-to-order public housing that has spurred buyers opting for resale units. The brokerage raises its 2025-2026 earnings estimates for PropNex by 2%-3%. It lifts the stock's target price to S$1.18 from S$0.98 with an unchanged buy rating. Shares are unchanged at S$1.05. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

January 23, 2025 20:41 ET (01:41 GMT)

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