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PropNex Ltd. (SG:OYY)
SGX:OYY
PropNex Ltd. (OYY) Share Forecast & Price Target
21 Followers
See the Price Targets and Ratings of:
OYY Analyst Ratings
Currently, no data available
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
OYY Stock 12 Month Forecast
There Are No Analyst Ratings for SG:OYY In The Last 3 Months.
| Highest Price Target― | Average Price Target― | Lowest Price Target― |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
OYY Financial Forecast
Detailed List of Analyst Forecasts
Analyst Performance
Any
Analyst Rating
Any
Upside / Downside
Any
Action
Any
UOB Kay Hian
S$1.04
Buy
S$1.04
(24.55% Upside)
Reiterated
03/05/24
PropNex’s reported 2023 net profit of S$48m (-23% yoy) was lower than expected despite better sequential earnings seen in 2H23. The highlight of the result was a generous S$0.035 final dividend (1H23: S$0.025), which resulted in a 2023 payout ratio of 93% and implies a yield of 6.9% based on yesterday’s closing price. We expect 2024 to be relatively stable albeit at a lower level of profitability compared to its past. Maintain BUY. Target price lowered to S$1.04.
Phillip Securities
―
Buy
―
Reiterated
03/04/24
We expect a recovery in transactions in FY24e. Driving transactions are recovering sentiment post- cooling measures, a higher number of new launches, a surge in residential completions, resilient HDB prices for upgraders, and lower mortgage interest. PropNex remains the largest real estate agency in Singapore, with 62.5% market share in private residential and HDB resale transactions. The company pays an attractive yield of 6.9% (or S$44mn) backed by S$148mn net cash.
DBS
S$0.95
Hold
S$0.95
(13.77% Upside)
Reiterated
03/04/24
We anticipate limited transaction volume growth in 2024, underpinned by i) lower foreigner and investor participation, as they are deterred by high stamp duties; ii) a wider array of projects being launched this year, allowing potential buyers to assess their options thoroughly before committing; iii) borrowing limits, which could cap affordability as prices continue to rise; and iv) macroeconomic uncertainties. Property price growth is also likely to moderate in 2024 on the back of a series of cooling measures introduced in the last two years.
Best Analysts Covering PropNex Ltd.
Which Analyst Should I Follow If I Want to Buy SG:OYY and Sell After:
1 Month
xxx
Success Rate
2/6 ratings generated profit
Average Return
-6.18%
reiterated a xxx
rating 5 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 33.33% of your transactions generating a profit, with an average return of -6.18% per trade.
3 Months
xxx
Success Rate
2/4 ratings generated profit
Average Return
-1.35%
reiterated a xxx
rating 12 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 50.00% of your transactions generating a profit, with an average return of -1.35% per trade.
1 Year
2 Years
xxx
Success Rate
2/4 ratings generated profit
Average Return
+0.35%
reiterated a xxx
rating 12 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 50.00% of your transactions generating a profit, with an average return of +0.35% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
OYY Analyst Recommendation Trends
Rating
Apr 23
May 23
Jun 23
Aug 23
Mar 24
Strong Buy
1
1
1
0
0
Buy
4
3
3
5
6
Hold
1
2
1
2
2
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
6
6
5
7
8
Each month's total comprises the sum of three months' worth of ratings.
OYY Stock Forecast FAQ
What is SG:OYY’s average 12-month price target, according to analysts?
Currently, no data Available
What is SG:OYY’s upside potential, based on the analysts’ average price target?
Currently there's no upside potential for SG:OYY, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is PropNex Ltd. a Buy, Sell or Hold?
Currently, no data Available
What is PropNex Ltd.’s share price target?
Currently, no data Available
What do analysts say about PropNex Ltd.?
Not enough analysts have published a price target to provide an average price target.
How can I buy shares of PropNex Ltd.?
To buy shares of SG:OYY, you can open a brokerage account. See exclusive account opening deals on our Best Online Brokers page.