APAC Realty kept at 'buy' with 72 cents target by RHB on housing demand to stay firm

By PC Lee / The Edge Singapore | March 1, 2019 5:50 PM SGT
SINGAPORE (Mar 1): RHB Research is maintaining APAC Realty at “buy” given demand for Singapore’s residential property is expected to remain resilient despite a strong pipeline of new launches in 2019.
Furthermore, the recent move by APAC Realty to strengthen its overseas presence should help in earnings diversification and bring benefits in the long term.
And while the stock has rebounded from lows since the start of the year, valuations are still attractive at 9x FY19F earnings.
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