APAC Realty has seen a significant rebound in its share price, climbing 22% since the start of the year, as it capitalises on Singapore’s thriving residential sales market. The company has maintained a “BUY” recommendation, with a revised target price of S$0.54, up from S$0.48, indicating a potential 15% upside. This optimism is fuelled by anticipated continued sales momentum, bolstered by upcoming property launches and strong buyer sentiment.
The company’s management has been actively engaging in share buybacks, a move that is expected to enhance the company’s bottom line. APAC Realty is also offering an attractive yield of approximately 7%, trading at a modest 12 times its forecasted price-to-earnings ratio for the financial year 2025.
Analyst Vijay Natarajan noted the company’s strategic position, stating, “The rally still has legs with sales momentum likely to continue on the back of attractive upcoming launches and firm buying sentiment.”
This development is significant as it reflects the broader positive trends in Singapore’s real estate market, which has been buoyed by strong demand and favourable economic conditions. The company’s proactive measures, such as share buybacks, further underscore its commitment to enhancing shareholder value.
Looking ahead, APAC Realty’s performance will likely continue to be influenced by the overall health of the Singaporean property market and its ability to leverage upcoming opportunities.
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