Lock Mun Yee, an analyst from CGS-CIMB, maintained the Buy rating on APAC Realty Ltd.. The associated price target was raised to S$0.81.
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Lock Mun Yee has given his Buy rating due to a combination of factors that highlight APAC Realty Ltd.’s strong financial performance and market position. The company reported a significant increase in revenue and profit for the first half of 2025, driven by a surge in new home sales commissions and an improved product mix that favored higher-yielding segments. This positive financial performance was further supported by a rise in the company’s earnings per share, which exceeded expectations.
Additionally, Lock Mun Yee noted that APAC Realty Ltd. is well-positioned to benefit from the anticipated recovery in transaction activity in the latter half of 2025. The company’s strong market share in Singapore, coupled with a robust pipeline of residential property launches, is expected to drive further growth. Furthermore, improvements in the operating environment of its overseas operations, particularly in Vietnam, are likely to contribute positively to its overall performance. These factors, combined with the company’s strategic expansion of its sales force, underpin the Buy rating despite potential risks such as market cooling measures.
Mun Yee covers the Real Estate sector, focusing on stocks such as CapitaLand Ascendas REIT, Mapletree Logistics, and Mapletree Industrial. According to TipRanks, Mun Yee has an average return of 3.7% and a 55.83% success rate on recommended stocks.
In another report released yesterday, DBS also maintained a Buy rating on the stock with a S$0.80 price target.