Why I am Most Bullish on Propnex

koolgal
2021-12-11

In land scarce Singapore, real estate prices have been soaring sky high ever since Covid-19 struck last year.  $PROPNEX LIMITED(OYY.SI)$ plays a crucial role in helping Singaporeans to find their dream homes.

Propnex is the largest Real Estate Agency in Singapore with 10000 sales agents and counting. Its dominant position enable it to capture the lion share of the property market here. 

Propnex Revenue doubled to SGD234.4 million with strong cash position of SGD123.7 million. Its Net Profit After Tax more than doubled to SGD15.5 million in 3rd Quarter 2021.

Propnex Revenue for the 3rd quarter 2021 was mainly driven by higher commission from agency services of SGD67.5 million and from project marketing services of SGD48.9 million.

Propnex is also a company with a good heart by setting up the Propnex Real Estate Persons Chapter which will allow its agents to voice their opinions and look after their welfare.  We know that good employees will spur Propnex to greater growth and success. 

The good news is that Propnex has been paying consistent dividends over the years.  According to their management, Propnex aims to pay 75% to 80% of its FY2021 as dividends to shareholders. Its current dividend yield is around 5%.

With such strong earning results and a great management team that cares for its employees, Propnex can only grow exponentially now and into the future. 

That is why I am most bullish on Propnex.  Go Long, Go Strong, Go Propnex!  That's my maxim. 

@小虎活动 SG Stocks 

@小虎AV  SG Stocks 

@TigerStars

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评论（1626）

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  • 华尔街的花儿姐
    ·2021-12-11
    Most of the intermediaries in Singapore are reliable, and the basic skills are to arrange the transaction process clearly. It's worth learning.
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    • koolgal: 
      Yes I agree.  Real Estate agents are trained and licensed.
      2021-12-11
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  • 花儿对我笑0
    ·2021-12-11
    Housing prices in Singapore are still rising despite the pandemic, right? The model of this agency is really very commendable, and the growth rate is also very fast. I wonder if the real estate agency service in Singapore is particularly good? A lot of value-added services?
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    • koolgal回复AlphaSpiker: 
      Yes that's true. Thanks for sharing
      2021-12-12
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    • koolgal: 
      Yes Singapore property is very hot especially since Covid-19.  There was delay in housing construction and supply became limited.  Propnex is the biggest agency here.  Thanks for your feedback.
      2021-12-11
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  • 花梨坎站
    ·2021-12-11
    Real estate agents in Singapore must pass the formal RES examination and obtain the qualification certificate before they can be affiliated with an agency, and then they can be regarded as legitimate agencies.
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    • koolgal: 
      Yes that is true. Thanks for sharing
      2021-12-11
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  • 海明威78
    ·2021-12-11
    This rate of return is very fierce, more than doubled, this is the straits index inside the stock? I only know that the real estate trust in Singapore is very famous. This intermediary company has done so well that China should also learn the model.
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    • koolgal: 
      Propnex is not in the Straits Times Index.  Yes it is doing very well due to property boom in Singapore. Thanks for your feedback.
      2021-12-11
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  • KYHBKO
    ·2021-12-12
    thanks for sharing
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    • koolgal: 
      My pleasure
      2021-12-12
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  • 幸运无畏虎
    ·2021-12-12
    会变好的，一切充满希望，温柔又热烈
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    • koolgal: 
      That is good. Thanks for sharing
      2021-12-12
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  • john11
    ·2021-12-12
    感谢分享！
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    • koolgal: 
      My pleasure
      2021-12-12
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  • 玲玲秀秀
    ·2021-12-13
    很好
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    • koolgal: 
      Thanks
      2021-12-13
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  • z静水流深
    ·2021-12-12
    这篇文章不错，转发给大家看
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  • pyongco
    ·2021-12-13
    great entry point.. $$$
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    • pyongco: 
      good one!!!
      2021-12-13
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    • koolgal: 
      Just lucky I got in early.
      2021-12-13
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  • 小转
    ·2021-12-16
    我觉得的话呢，他不一定就是说他不一定能够完全的按照这个要求来做
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    • koolgal: 
      Thanks for sharing
      2021-12-16
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  • 土金水
    ·2021-12-13
    中国真的强大了，而且因为中国的强大，世界人民才能享福
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    • koolgal: 
      Yes I agree.  China is a great country with great government working towards the common prosperity of ordinary people.  Congratulations!
      2021-12-14
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  • 靓鸽
    ·2021-12-13
    阅
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    • koolgal: 
      Thanks
      2021-12-14
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  • 夜袭女儿国
    ·2021-12-12
    分析的很透彻
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    • koolgal: 
      Thanks for your lovely compliment. 🙏
      2021-12-12
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  • 邢林林
    ·2021-12-12
    这篇文章不错，转发给大家看
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    • koolgal: 
      Thanks
      2021-12-12
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  • 萌萌虎妞妞
    ·2021-12-12
    这篇文章不错，转发给大家看
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    • koolgal: 
      Thanks
      2021-12-12
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    • koolgal: 
      Thanks
      2021-12-12
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  • 狮狐
    ·2021-12-12
    这篇文章不错，转发给大家看
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    • koolgal: 
      Thanks
      2021-12-12
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    • koolgal: 
      Thanks
      2021-12-12
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  • 我i168
    ·2021-12-12
    How about cousin $APAC REALTY LIMITED(CLN.SI)$? [Tongue]
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    • koolgal: 
      Cousin APAC aka Era Realty is the 2nd largest Real Estate agency in Singapore.  I am also invested in them too. FOMO
      2021-12-12
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  • 被幸福敲了门的人
    ·2021-12-14

    带着看看这些

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    • koolgal: 
      Thanks
      2021-12-15
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  • 南京秣陵
    ·2021-12-14
    学习了，谢谢
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    • koolgal: 
      My pleasure
      2021-12-14
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