APAC Realty    Last:0.54    -0.01

APAC Realty

Below is an extract taken from APAC Realty Annual Report 2018.

STRENGTHENING OUR PRESENCE IN SINGAPORE

FY2018 started on a high note for us. We experienced strong sales momentum in the first two quarters, supported by an upturn in the property market. While the property cooling measures introduced in July inevitably slowed the growth momentum of new home sales and property prices in the second half of the year, the Group remained resilient in weathering the lukewarm property market and sold out a total of 22 projects by year-end.

As a result, we sold an aggregate of 3,249 new home units in FY2018, giving us a leading 33% share of the 9,931 new home units sold in the Singapore market. In terms of transaction value, this represents a commanding 41% share of the new home market.

To increase the touch-points of our agent salesforce, we welcomed 450 agents from CBRE Realty Associates and HSR International Realtors into ERA, strengthening our salesforce to 6,660 agents2.

We also prepared for expansionary growth by acquiring a commercial property in Toa Payoh with a total lettable floor area of approximately 2,155 sq m for S$72.8 million in June 2018. The property was renamed ERA APAC Centre to serve as the Asia-Pacific headquarters for the Group and is currently undergoing asset enhancement and tenant remixing. This will allow us to rejuvenate the building and create longer term value by bringing rents to the market average. Furthermore, our plans include a new leasable office space for ERA Realty Network&rsquo s (&ldquo ERA&rdquo ) agents and improved training areas, which will provide existing and new agents with training and development opportunities to better serve their clients.

Testament to our local presence, it is our pleasure to inform that effective from 29 November 2018, APAC Realty has been included in the Central Provident Fund Board&rsquo s (&ldquo CPF&rdquo ) CPF Investment Scheme &ndash Ordinary Account (&ldquo CPFIS&rdquo ). We are currently the only real estate brokerage and services provider listed on the Singapore Exchange under the scheme that allows investors to use funds in their CPF ordinary accounts for investment in the Group.

Just sharing ... dyodd
 

 

http://gann.petua.org/?s=apac+realty& cp=0.610

 

EXPANDING OUR RANGE OF SERVICES AND GEOGRAPHICAL PRESENCE IN ASIA PACIFIC

Having been entrusted with the exclusive ERA regional master franchise rights, we had long set our sights on growing APAC Realty&rsquo s presence across Asia Pacific. Some notable developments this year include the new franchise agreement for Cambodia and the joint venture in Hainan, as well as the recent acquisitions in Indonesia and Thailand. On 11 January 2019, we held a grand opening of the new ERA Hainan office, as well as a cross-country forum to bring together more than 200 division directors and associates from Singapore and Hainan, which is set to become China&rsquo s largest free-trade zone following the government&rsquo s plans to transform the region. It was encouraging to see the ERA network coming together in synergy and exchanging invaluable knowledge and skills learnt in the field. A week prior to this, we conducted an exhibition in Beijing to raise the profile of ERA and encourage industry professionals to exchange insights on real estate marketing and its role in boosting productivity for the industry.We were most delighted to announce our regional expansion plans for Indonesia and Thailand in February 2019. Through a partnership with the current ERA Indonesia CEO and management team, we have implemented ERA Singapore&rsquo 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 (&ldquo Intiland&rdquo ). 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.

Above write up is taken from the company' s report page 10 n 11.
Just sharing

 

APAC Realty has 2 buy calls:

1. DBS Research - target 70 cts
2. RHB Invest - target 72 cts.

Just sharing, not a buy call. DYODD

 

APAC Realty Annual Reports is out. Interesting reading.

 

 

Appreciate it.
Got a few rounds of APAC.

josephyeo      ( Date: 04-Apr-2019 08:51) Posted: Below are 2 research reports on Apac Realty. research.sginvestors.io/2019/03/apac-rea...arch-2019-03-01.html research.sginvestors.io/2019/03/apac-rea...arch-2019-03-01.html Just sharing ... dyodd

 

Below are 2 research reports on Apac Realty.

research.sginvestors.io/2019/03/apac-rea...arch-2019-03-01.html

research.sginvestors.io/2019/03/apac-rea...arch-2019-03-01.html

Just sharing ... dyodd

 

Thank You
A weblisting with a throw out of essential financial ratios of companies would be good.

 

Yes. You can go to www.sgx n search under the company announcement. This is the
official site of the Singapore stock exchange. Alternatively you search under financial
annoucement n name of company you are searching. Eg. " financial statement .. name of company"

 

DeepBlue      ( Date: 29-Mar-2019 13:08) Posted: Hi Bro Joseph Is there a website where I could extract those data you have tabulated? Where do you get those data from? josephyeo      ( Date: 24-Mar-2019 14:00) Posted: Share some figures on Apac Realty: 1. p/e - 9 X 2. dividends - 4.5 cts (full year) 3. dividend yield - 7.3% on price of 61.5 cts. 4. nta - 40.3 cts 5. price 52 weeks - high $1.24, low $0.44, current - $0.61.5 6. cash - $43 mil 7. debt - $57.5 8. number of shares - 355 mil 9. profits - $24.2 mil 10. capitalisation - $218.4 mil 11. revenue - $419.9 Am vested bcoz of low p/e and high dividend yield. Company has dividend policy of 50% or more for distribution. Will share more details if time permit. Not a buy/sell call. Dyodd

 

Hi Bro Joseph
Is there a website where I could extract those data you have tabulated?
Where do you get those data from?

josephyeo      ( Date: 24-Mar-2019 14:00) Posted: Share some figures on Apac Realty: 1. p/e - 9 X 2. dividends - 4.5 cts (full year) 3. dividend yield - 7.3% on price of 61.5 cts. 4. nta - 40.3 cts 5. price 52 weeks - high $1.24, low $0.44, current - $0.61.5 6. cash - $43 mil 7. debt - $57.5 8. number of shares - 355 mil 9. profits - $24.2 mil 10. capitalisation - $218.4 mil 11. revenue - $419.9 Am vested bcoz of low p/e and high dividend yield. Company has dividend policy of 50% or more for distribution. Will share more details if time permit. Not a buy/sell call. Dyodd

 

Nice jump in price.

 

Nice tabulation.

josephyeo      ( Date: 26-Mar-2019 10:49) Posted: Hi like2learn ... thank you for your views n inputs. It' s appreciated. I did take a look at both Propnex n Apac Realty before taking the decision to put my money on Apac Realty. Both are fundamentally good companies. In the end i opted for Apac Realty bcoz of its higher dividend yield, higher nav, lower p/e n higher profits. Further, the share price has dropped from a high of $1.24 to current 59 cts ... a 50% drop. Propnex has some pluses ... no debt n higher cash level. Pls note ... above are just my views n i could be wrong. Dyodd. See below for some datas:     propnex apac realty dividend 3.5 cts 4.5 cts dividend yield 6.0 7.6 price earning ratio 11.2 8.6 nav 18.1 40.1 net profit 19.4 mil 24.2 mil revenue 431.5 mil 419.9 mil number of shares 370 mil 355 mil capitalisation 216.4 mil 209.6 mil cash 75.6 mil 43.0 mil debt nil 57.5 mil 52 weeks high 79 cts 124 cts 52 weeks low 45.5 cts 44.0 cts price at time of post 58.5 cts 59.0 cts

 

Yes, like2learn. Its going to be a long hold for me.
The weak sentiments in the property market depresses the share price.
Will consider selling when sentiments in the property market turn positive.
So, its going to be a long hold. In the meantime i will just go for the
generous dividend of 4.5cts for year 2018.

like2learn      ( Date: 28-Mar-2019 14:34) Posted: Hi josephyeo, just to clarify your post on " 24-Mar-2019 14:00"   uses NTA but in some others u use NAV.. thx for attaching the writeup. I understand, sometimes, type too fast or while communting. all the best to your apac i think extremely likely to huat if u keep long  term !

 

Hi josephyeo, just to clarify your post on " 24-Mar-2019 14:00"   uses NTA but in some others u use NAV.. thx for attaching the writeup.

I understand, sometimes, type too fast or while communting.

all the best to your apac i think extremely likely to huat if u keep long  term !    
 

 

Hi like2learn, in my post the term used should be nav n not nta. Below is a write up
on the difference between nta n nav:
 

like2learn      ( Date: 27-Mar-2019 19:35) Posted: Hi josephyeo, Thanks very much for taking the time to compile and selfless sharing of the comparsion  b/n Apac & Propnex.   Yes, they are both of investible qualities and also v cost efficient(no need for massive salaried headcount or rental/shop space).   I think the ERA franchise rights is subjected to regular renewal, and a part of the franchise rights may be in the form of intangible assests. If net of intangible assets, what wld the NAV be ?  Because in one of your posts u put Apac NAV as 40.x cents and in another NTA as 40.x cents. I always thought NAV and NTA is different(btw, i am those self-taught) ??    Is there any plans for Apac to reduce its debt ? It is so cashflow generating and i don' t see any point in it paying interest for nothing. I know they can be derived from the financial statements, but I am tied up  studying my new position in MIT right now. I took an interest in APAC/Realty and even HRnetgrp earlier but no time to do so many things leh.  Other than forex issues and custody/admin charges, for this kind of 6-7% yield, the other alterative is the China Big 4 banks listed in HKEx - won' t die one.    josephyeo      ( Date: 27-Mar-2019 09:38) Posted: Propnex n APAC Realty are both fundamentally good companies. Both leaders in the property/realty market. However, i decided to put money into Apac over Propnex for the following ressons: 1. higher dividend (Apac - 4.5 cts, Propnex - 3.5 cts) 2. dividend yield (Apac - 7.6%, Propnex - 6.0% ) 3. higher profits (Apac - 24.2 mil, Propnex - 19.4 mil) 4. lower p/e See quote for other details. Just sharing ... dyod

 

Hi josephyeo,

Thanks very much for taking the time to compile and selfless sharing of the comparsion  b/n Apac & Propnex.  

Yes, they are both of investible qualities and also v cost efficient(no need for massive salaried headcount or rental/shop space).
 
I think the ERA franchise rights is subjected to regular renewal, and a part of the franchise rights may be in the form of intangible assests. If net of intangible assets, what wld the NAV be ?  Because in one of your posts u put Apac NAV as 40.x cents and in another NTA as 40.x cents. I always thought NAV and NTA is different(btw, i am those self-taught) ??    Is there any plans for Apac to reduce its debt ? It is so cashflow generating and i don' t see any point in it paying interest for nothing.

I know they can be derived from the financial statements, but I am tied up  studying my new position in MIT right now.

I took an interest in APAC/Realty and even HRnetgrp earlier but no time to do so many things leh. 

Other than forex issues and custody/admin charges, for this kind of 6-7% yield, the other alterative is the China Big 4 banks listed in HKEx - won' t die one. 
 

josephyeo      ( Date: 27-Mar-2019 09:38) Posted: Propnex n APAC Realty are both fundamentally good companies. Both leaders in the property/realty market. However, i decided to put money into Apac over Propnex for the following ressons: 1. higher dividend (Apac - 4.5 cts, Propnex - 3.5 cts) 2. dividend yield (Apac - 7.6%, Propnex - 6.0% ) 3. higher profits (Apac - 24.2 mil, Propnex - 19.4 mil) 4. lower p/e See quote for other details. Just sharing ... dyodd josephyeo      ( Date: 26-Mar-2019 10:49) Posted: Hi like2learn ... thank you for your views n inputs. It' s appreciated. I did take a look at both Propnex n Apac Realty before taking the decision to put my money on Apac Realty. Both are fundamentally good companies. In the end i opted for Apac Realty bcoz of its higher dividend yield, higher nav, lower p/e n higher profits. Further, the share price has dropped from a high of $1.24 to current 59 cts ... a 50% drop. Propnex has some pluses ... no debt n higher cash level. Pls note ... above are just my views n i could be wrong. Dyodd. See below for some datas:     propnex apac realty dividend 3.5 cts 4.5 cts dividend yield 6.0 7.6 price earning ratio 11.2 8.6 nav 18.1 40.1 net profit 19.4 mil 24.2 mil revenue 431.5 mil 419.9 mil number of shares 370 mil 355 mil capitalisation 216.4 mil 209.6 mil cash 75.6 mil 43.0 mil debt nil 57.5 mil 52 weeks high 79 cts 124 cts 52 weeks low 45.5 cts 44.0 cts price at time of post 58.5 cts 59.0 cts

 

Apac Realty IPO 28 Sept 2017 @66cts.

Just for info

 

Propnex n APAC Realty are both fundamentally good companies. Both leaders in the
property/realty market. However, i decided to put money into Apac over Propnex for the
following ressons:
1. higher dividend (Apac - 4.5 cts, Propnex - 3.5 cts)
2. dividend yield (Apac - 7.6%, Propnex - 6.0% )
3. higher profits (Apac - 24.2 mil, Propnex - 19.4 mil)
4. lower p/e
See quote for other details.

Just sharing ... dyodd

josephyeo      ( Date: 26-Mar-2019 10:49) Posted: Hi like2learn ... thank you for your views n inputs. It' s appreciated. I did take a look at both Propnex n Apac Realty before taking the decision to put my money on Apac Realty. Both are fundamentally good companies. In the end i opted for Apac Realty bcoz of its higher dividend yield, higher nav, lower p/e n higher profits. Further, the share price has dropped from a high of $1.24 to current 59 cts ... a 50% drop. Propnex has some pluses ... no debt n higher cash level. Pls note ... above are just my views n i could be wrong. Dyodd. See below for some datas:     propnex apac realty dividend 3.5 cts 4.5 cts dividend yield 6.0 7.6 price earning ratio 11.2 8.6 nav 18.1 40.1 net profit 19.4 mil 24.2 mil revenue 431.5 mil 419.9 mil number of shares 370 mil 355 mil capitalisation 216.4 mil 209.6 mil cash 75.6 mil 43.0 mil debt nil 57.5 mil 52 weeks high 79 cts 124 cts 52 weeks low 45.5 cts 44.0 cts price at time of post 58.5 cts 59.0 cts

 

APAC Realty Limited is one of the leading player in the real estate brokerage industry in Asia. APAC Realty
operates three main business segments ? the real estate brokerage services franchise agreements and training,
valuation and other ancillary services.APAC Realty holds the exclusive ERA regional master franchise rights over
17 countries in Asia Pacific, acquired from Realogy Group LLC. The Group also holds the master franchise
rights for Singapore for Coldwell Banker

 

P/e or price earning ratio is :

Current price divided by its earning per share.


 

alexchew      ( Date: 26-Mar-2019 11:01) Posted: lower PE compared to propnex, is it because of use of debt for APCA? josephyeo      ( Date: 24-Mar-2019 14:00) Posted: Share some figures on Apac Realty: 1. p/e - 9 X 2. dividends - 4.5 cts (full year) 3. dividend yield - 7.3% on price of 61.5 cts. 4. nta - 40.3 cts 5. price 52 weeks - high $1.24, low $0.44, current - $0.61.5 6. cash - $43 mil 7. debt - $57.5 8. number of shares - 355 mil 9. profits - $24.2 mil 10. capitalisation - $218.4 mil 11. revenue - $419.9 Am vested bcoz of low p/e and high dividend yield. Company has dividend policy of 50% or more for distribution. Will share more details if time permit. Not a buy/sell call. Dyodd