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APAC Realty
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josephyeo
Elite |
01-Aug-2019 21:27
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I am more into Apac Realty bcoz of it' s dominance in the local market and and it' s potential in the external market. Whether it materialise or not I wont know. Lets time tell. I am not looking at the now but am looking at what the company will be years later when external wings start showing. I am a long term invertors and I look more at the future than the present. Just for info. Below is a comparision i posted earlier. Propnex and Apac Realty are fundamentally good companies. I opted for Apac Realty bcoz of its ... 1. higher dividend yield 2. higher nav, 3. lower p/e 4. higher profits. Further, the share price has dropped from a 2 year high of $1.28 to current 54 cts ... a 58% drop. Propnex has some pluses ... no debt n higher cash level. Pls note ... above are just my views n i could be wrong. Dyodd. These datas are from their latest full year report:
The above datas are from my earlier post. It has not been updated.
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josephyeo
Elite |
01-Aug-2019 21:16
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My post in March ' 19. During the oil crisis in 2014 shares of OCBC came all the way down to 7plus dollars. 2 to 3 years later oil stabilised n OCBC shot back to $14, almost a 100% appreciation. Today, sentiments in the property market have been very bad since the cooling measures in July 2018. Shares of almost all property stocks have been down. The property market is cyclical in nature with each cycle lasting many years. At some point in the future sentiments will change to positive. At that time shares of property stocks are likely to shot up. When, nobody know for sure. But i assume there are similiarities in situation like OCBC during the oil crisis. This is one of the reasons I am into APAC Realty. To buy when sentiments are bad n to wait till sentiments change to positive. Another reason is the high yield the company offer. Its full year dividend of 4.5 cts give a dividend yield of 7.6 % based on today' s closing price of 59 cts. Further, company has a dividend policy of distributing 50% or more of it' s earning. I do not expect good result in the coming quarters or year n am expected to go long hold on the stock. In the mean time I am content w the yield of 7% plus.
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Wind22i
Supreme |
01-Aug-2019 20:39
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The property mkt is dead.. so look at reality instead of trying to blow trumpet... joseph..
Apac shld be worth and at 0.12c if at tangible value as what the forumer below rightfully point out |
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runaway
Senior |
01-Aug-2019 20:31
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The two stocks in the same business space are Propnex and APAC R. Both are off their best and performed badly in 4Q18 and 1Q19. APAC, espeocially reeled from its peak of $1.20+ in 1Q18. Propnet: Price $0.54 Tangible Book Value $0.18. Apac: Price $0.57 Tangible Book Value $0.12. Based on the above, Propnex is a better buy? |
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josephyeo
Elite |
01-Aug-2019 19:46
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Below are 2 quotes taken from Apac Realty annual report: " Through a partnership with the current ERA Indonesia CEO and management team, we have implemented ERA Singapore' s project business model in Indonesia to generate stronger margins and growth in the near to medium term. Our progress has been promising, with ERA Indonesia being appointed as the lead marketing agent for the first phase of Fifty Seven Promenade, an integrated mixed-use and high-rise joint venture development by GIC Private Limited and PT Intiland Development Tbk (Intiland ). Further, ERA Indonesia has been chosen as one of the lead agencies for future projects rolled out by Intiland." " The incorporation of ERA Thailand allows APAC Realty to gain direct ownership of the Thailand franchise, enabling the Group to be strategically involved in growing the business and opening up project marketing opportunities for the Thailand market. Demand is expected to remain healthy especially for the downtown Bangkok condominium market, on the back of a recovering economy, rising middle class and strong buying interest from mainland China and Hong Kong" . Besides Indonesia n Thailand, Apac Realty has been active in Thailand, Cambodia and Hainan Island. Company held an exhibition in Beijing in early 2019. FYI. DYODD |
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francisd
Master |
30-Jul-2019 16:48
Yells: "BUY LOW SELL HIGH" |
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Brewing again... Not vested.
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Grubber
Elite |
17-Jul-2019 10:19
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brewing | ||||||||||||||||||||||||||||||||||||||||||||
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runaway
Senior |
16-Jul-2019 07:16
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Yes, this company survives on a booming property market. New launches: One Pearl Bank is selling at $2,000+ psf. Piermont Grand EC is priced at $1,000+ psf. Not to mention the completed but unsold units. Developers are stuck but refused to ease the pricing. The 4 houses are bullish. How about sharing those bearish? |
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bishan22
Supreme |
16-Jul-2019 06:41
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Property is dead.... caution. | ||||||||||||||||||||||||||||||||||||||||||||
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josephyeo
Elite |
15-Jul-2019 20:06
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Just for info: 1. DBS research recommend a buy w target of 58 cts. Report date 14 May ' 19 2. RHB Invest recommend buy w target of 67.0 cts. Report date 14 May ' 19 3. CGS - CIMB " add" recommendation w target of 67.0 cts. Report date 5 June ' 19 4. Philip Securities recommend buy w target of 65 cts. Report date 3 June ' 19 Vested. Dyodd |
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Subaru2018
Senior |
10-Jul-2019 08:02
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bro joseph done a good job of the comparison. | ||||||||||||||||||||||||||||||||||||||||||||
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josephyeo
Elite |
09-Jul-2019 17:17
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Propnex and Apac Realty are fundamentally good companies. I opted for Apac Realty bcoz of its ... 1. higher dividend yield 2. higher nav, 3. lower p/e 4. higher profits. Further, the share price has dropped from a 2 year high of $1.28 to current 54 cts ... a 58% drop. Propnex has some pluses ... no debt n higher cash level. Pls note ... above are just my views n i could be wrong. Dyodd. These datas are from their latest full year report:
The above datas are from my earlier post. It has not been updated. |
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destinykraze
Elite |
11-Jun-2019 20:49
Yells: "Reality is only a matter of perception" |
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I agree. But it' s not under $0.5 yet. It is also a far-cry from it' s IPO price. which was overvalued imho.
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like2learn
Veteran |
07-Jun-2019 23:32
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Stk gd balance sheet but prop outlook/transactions vol may not be favourable.... for info only. https://www.channelnewsasia.com/news/singapore/land-supply-less-private-homes-government-11600700 Government reduces supply of land for private housing as demand continues to slow 06 Jun 2019 09:43AM ......The decline in demand follows the introduction of property market cooling measures in July last year. Overall transaction volume fell for the third straight quarter in the first quarter on 2019, while developers&rsquo demand for land also moderated...... Additionally, there are about 44,000 private homes in the pipeline. This includes about 39,000 unsold units from GLS and en-bloc sale sites with planning approval and 5,000 from sites pending planning approval. Another 24,000 existing private homes remain vacant.... |
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josephyeo
Elite |
07-Jun-2019 22:19
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Just for info: 1. DBS research recommend a buy w target of 58 cts. Report date 14 May ' 19 2. Philip Securities recommend buy w target of 65 cts. Report date 3 June ' 19 3. RHB Invest recommend buy w target of 67.0 cts. Report date 14 May ' 19 Vested. Dyodd |
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patient168
Senior |
06-Jun-2019 15:54
Yells: "patience is the key to winning" |
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Apac is always my top pick. Any price < 0.5 is safe to enter for medium and long term holding. Apac is very much link to macro env and property condition. Company financial fundamental and future growth (expand to overseas) are bright. | ||||||||||||||||||||||||||||||||||||||||||||
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josephyeo
Elite |
06-Jun-2019 15:21
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Just sharing. Apac 1Q result was much lower than previous year same quarter. This means that dividend to be declared will be lower n the p/e ratio will be higher. I expect dividend to be in the region of 2.0 to 2.5 cts per share giving a yield of around 5% Apac Realty is a long hold for me. I believe that when the property market improve the share price is likely to go along w it. Another point is the off shore initiatives the company had under taken. Once these come on stream, the financial results of Apac could be vastly different. But these are still unknown n one need to watch n see how these projects are coming along. On the whole i am positive long term. Am quite heavily vested. Dyodd |
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destinykraze
Elite |
21-May-2019 17:44
Yells: "Reality is only a matter of perception" |
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aaa and aa bonds looking more attractive than most counters
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like2learn
Veteran |
21-May-2019 17:39
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for a 2% yield, investors might prefer risk-free SSB instead or other net cash counters at 3% yield. thus, i think the current share price may not hold.
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spore1
Supreme |
19-May-2019 12:33
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I think the bulk of comm may come in on 2nd qtr . Likely more than EPS of 0 5 cents . The overseas expansion just started in Mar or April, it may contribute some net rev as well. Dividend may maintain for half year of 2 cents.
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