Equity Analysis /
Singapore

SG : APAC Realty Ltd - Supported by high dividend yield

    Munyee Lock
    Munyee Lock

    Head of Regional Property

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    CGS-CIMB
    10 August 2022
    Published byCGS-CIMB

    1H22 EPS of 4.7 Scts was deemed broadly in line at 65.6% of our FY22F forecast. Higher new home sales income helped moderate a fall in resale and rental commissions. Reiterate an Add rating with an unchanged TP of S$0.84.