Apac Realty's Rally Likely to Continue on Strong Sales Momentum -- Market Talk

Dow Jones

07/02

0242 GMT - Real estate brokerage Apac Realty's shares could climb further, says RHB Research's Vijay Natarajan in a report. The stock is up 22% year to date, supported by Singapore's strong residential sales momentum, he says. He believes the sales momentum is likely to continue, thanks to attractive upcoming launches and firm buying sentiment. Moderating residential prices in Singapore reduce the risk of cooling measures, he says, raising his FY 2025 and FY 2026 net profit forecasts by 5% and 3%, respectively. RHB Research maintains a buy rating on the stock and raises its target price to S$0.54 from S$0.48. Shares are flat at S$0.48. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

July 01, 2025 22:42 ET (02:42 GMT)

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