OYY Strong Earnings MomentumPropNex demonstrated sequentially strong earnings in the second half of 2024, a trend expected to continue into 2026. New home launches in Singapore saw a significant increase, with over 100% half-on-half (hoh) growth in 2H24 and a projected 76% hoh growth in 1H25. PropNex’s revenue recognition timing suggests robust profit growth in 2H24, 1H25, and 2H25.
Potential Special Dividend
In 2025, PropNex celebrates its 25th anniversary since its founding in 2000. The company is well-positioned to reward shareholders with potential special dividends, supported by its robust financial health. As of 1H24, PropNex reported S\
78M in retained earnings, S\116m in net cash, and S\
18M in long-term deposits. By end-2024, net cash is estimated to reach S\142m, equivalent to S\$0.10 per share.Thank you