PropNex Ltd.: Strong Financial Performance and Growth Prospects Drive Buy RatingWe raise our to reflect higher new home sales volume transaction assumptions as well as higher GP margins due to the commission mix skewing more towards the higher-yielding project marketing segment. Our TP increases to S$1.77, still based on the average of net cash-adjusted 5-year DCF valuation. We like PROP as a leader in the property brokerage business in Singapore and given its strong cash balance of S$136.8m as at end-1H25 that will likely underpin its high dividend payout ratio (87.6% in 1H25). Potential re-rating catalysts: stronger-than- projected residential market performance and further expansion of its market share across all property transaction segments. Downside risks: weaker macroeconomic outlook and surge in mortgage rates that could dampen demand for housing purchases and affect its earnings.
PropNex Ltd.: Strong Financial Performance and Growth Prospects Drive Buy RatingWe raise our to reflect higher new home sales volume transaction assumptions as well as higher GP margins due to the commission mix skewing more towards the higher-yielding project marketing segment. Our TP increases to S$1.77, still based on the average of net cash-adjusted 5-year DCF valuation. We like PROP as a leader in the property brokerage business in Singapore and given its strong cash balance of S$136.8m as at end-1H25 that will likely underpin its high dividend payout ratio (87.6% in 1H25). Potential re-rating catalysts: stronger-than- projected residential market performance and further expansion of its market share across all property transaction segments. Downside risks: weaker macroeconomic outlook and surge in mortgage rates that could dampen demand for housing purchases and affect its earnings.
Unknown Analyst
Maybank
Not Ranked
Maybank
S$1.68
Hold
-11.58%
Downside
Reiterated
08/12/25
Unknown Analyst
OCBC Investment
Not Ranked
OCBC Investment
S$1.2
Hold
-36.84%
Downside
Reiterated
02/26/25
Stocks with the Highest Top Analyst Consensus in the Real Estate Sector
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OYY Analyst Recommendation Trends
Rating
Jun 25
Jul 25
Aug 25
Oct 25
Nov 25
Strong Buy
0
0
0
0
0
Buy
5
8
10
8
4
Hold
5
5
4
2
3
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
10
13
14
10
7
In the current month, OYY has received 4Buy Ratings, 3Hold Ratings, and 0Sell Ratings. OYY average Analyst price target in the past 3 months is ―.
Each month's total comprises the sum of three months' worth of ratings.
OYY Stock Forecast FAQ
What is SG:OYY’s average 12-month price target, according to analysts?
Currently, no data Available
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Is PropNex Ltd. a Buy, Sell or Hold?
PropNex Ltd. has a consensus rating of Moderate Buy, which is based on 0 buy ratings, 0 hold ratings and 0 sell ratings.
What is PropNex Ltd.’s share price target?
Currently, no data Available
What do analysts say about PropNex Ltd.?
PropNex Ltd.’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 0 Wall Streets Analysts.
How can I buy shares of PropNex Ltd.?
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