Housing Market OutlookPropNex's CEO has delivered a bullish outlook, highlighting strong private resale and new launch volumes, resilient demand despite revised SSD rates, and rising project launches in 2025.
Market ConfidenceThe analyst reiterates an 'Add' rating with a higher target price, reflecting confidence in future performance.
Projected Financial PerformanceStrong results expected for 1H25, with forecast revenue and net profit increases demonstrating PropNex's ability to benefit from strong transaction volumes in the property market.
Revenue GrowthPropnex reported a 73.3% year-over-year rise in revenue, with improvements across all business segments.