Equity Analysis /
Singapore

SG : Propnex Ltd - Tracking slower market momentum

    Munyee Lock
    Munyee Lock

    Head of Regional Property

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    CGS-CIMB
    10 August 2022
    Published byCGS-CIMB

    2Q/1H EPS of 3.54/7.30 Scts deemed in line, at 27%/55.6% of our full-year forecasts Higher agency services revenue partly offset lower project marketing contributions Reiterate Add, with an unchanged TP of S$2.07