SGX welcomes APAC Realty Limited to Mainboard
Singapore Exchange (SGX) today welcomed APAC Realty Limited to Mainboard under the stock code “CLN”.
APAC Realty Limited is a leading real estate services provider that operates a market-leading real estate brokerage in Singapore under the ERA brand. With a track record of 35 years, ERA Realty is an industry pioneer and one of Singapore’s largest real estate agencies.
In addition to real estate brokerage services, APAC Realty holds the exclusive ERA regional master franchise rights for 17 markets in the Asia-Pacific region including Australia, China, Indonesia, Japan, Vietnam, and also provides training, valuation and management services to real estate developments under its wholly-owned subsidiary, Realty International Associates (RIA).
More details in
http://infopub.sgx.com/FileOpen/20170928...eID=472156
APAC Realty Limited opened at S$0.695 today versus it's IPO price of S$0.66 per share. Last traded price at around 14:20 GMT+8 is $0.74 per share.
Much better value when it was listed as Hersing, with Western Union and Storhub business. No one interested and it got delisted cheaply. Still sore about it.
(28-09-2017, 03:18 PM)choya Wrote: [ -> ]Must better value when it was listed as Hersing, with Western Union and Storhub business. No one interested and it got delisted cheaply. Still sore about it.
Exactly. Funny how the market forgets so quickly. Delist at 161m and re-list at 200+m valuation. If you look at their revenue and profits and compare it FY2012 and before, it has essentially done nothing. Management just bought it out and list at a higher valuation and stripped its other business away. Hersing also suffered from low liquidity. Won't be surprised this trades like that in about 2-3 years time.
(28-09-2017, 05:16 PM)activistasia Wrote: [ -> ]Delist at 161m and re-list at 200+m valuation.
IIRC, Hersing was delisted at about $147m. It then had 2 valuable properties (among others): Storhub @ Tampines, and ERA ctr @ Toa Payoh. Both these were valued at about $140m, so Henry Chia essentially paid $0 (or even -ve) for ERA Realty. 1 year later, he sold ERA (without the properties) to Northstar for $130m, and Northstar in return sold it back to us for $200m. Clap clap.
APAC Realty Reports S$163.1 Million in Revenue for 1H2019
Highlights :
1. Total revenue of S$163.1 million for the six months ended 30 June 2019 ("1H FY2019"), compared to S$227.3 million in the previous corresponding period ("1H FY2018")
2. Revenue declined 28.2% as a result of subdued buyer demand for residential properties in Singapore following the implementation of the property cooling measures in July 2018
3. The Group recorded gross profit of S$20.0 million in 1H FY2019, approximately S$6.8 million or 25.6% lower compared to S$26.8 million in 1H FY2018
4. 1H FY2019 net profit was S$5.0 million, compared to S$13.6 million in 1H FY2018
5. Secured marketing agent roles for 26 upcoming residential projects with approximately 10,520 marketable new home units in Singapore in second half of FY2019
6. The Group’s communicated regional expansion strategy remains on track
7. Healthy balance sheet as at 30 June 2019
8. Declares interim dividend of 0.75 Singapore cents, representing 53% of 1H FY2019 profit.
More details in :
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https://links.sgx.com/FileOpen/APAC%20Re...eID=573150
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https://links.sgx.com/FileOpen/APAC%20Re...eID=573151
APAC Realty Eyes Asia's Top Property Hosspot with Strategic Investment in ERA Vietnam
* APAC Realty invests S$1.5 million for 38% stake in ERA Vietnam
* Supported by a team of 900 agents, ERA Vietnam has taken an estimated 20% share of Vietnam’s project marketing sector within two years of its founding
* ERA Vietnam’s turnover grew 75% and the franchise became profitable in its second year of operations (FY20191)
* Provides APAC Realty with access to Vietnam’s thriving real estate market and fast-growing middle class of 33 million in 2019
* APAC Realty ventured into four major Southeast Asian real estate markets over the past 12 months: Indonesia, Thailand, Malaysia and Vietnam, as part of the Group’s strategy to grow its business in some of the highest growth real estate markets in Asia
More details in :
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https://links.sgx.com/FileOpen/APAC%20-%...eID=597844
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https://links.sgx.com/FileOpen/APAC%20-%...eID=597845
They might all be happy with the booming property prices and higher com earn by APAC realty.
As long as Singapore maintains its record high property prices as what it is doing now, OPMI will be happy. Its only when property market goes down, would they then field questions in AGM (and field questions to Ministers on why they are not doing things to support property prices)