APAC Realty

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 :
1. https://links.sgx.com/FileOpen/APAC%20Re...eID=573150
2. https://links.sgx.com/FileOpen/APAC%20Re...eID=573151

FY2019 Results Announcement

EPS(cents) : 3.94(FY2019) vs 6.83(FY2018)

"- Declares final dividend of 1.25 cents per share. Including the interim dividend of 0.75 cents per share, the aggregate dividend for FY2019 is 2.0 cents per share, representing a dividend payout ratio of 51.2% and a dividend yield of 4.2%1; 
- Well-positioned with a strong balance sheet and healthy cash balance of S$32.0 million as at 31 December 2019;
- APAC Realty continues to have one of the strongest real estate networks with more than 17,300 salespersons in 651 offices across 10 countries.

.....Although the property cooling measures implemented in July 2018 continued to depress sentiment and weaken home buyer interest, the market showed signs of  improvements in  FY2019, in particular the primary market and HDB resale market,” said Mr. Chua.  “Over the last weekend, Wing Tai Asia sold approximately 70% or over 360 units of its latest condominium project - The M, a 522-unit development located along Middle Road in the core central region,” added Mr. Chua....

The Group made a strong start to the year at the launch of Parc Canberra on 15 February. The 496-unit executive condominium project by Hoi Hup Sunway Canberra sold 64% or 316 units during the launch. ERA was the joint marketing property agency during the launch, marketing and closing transactions for 43% of the units sold – the highest amongst all joint property agencies.

The  HDB  market  remained  healthy  with  23,714  transactions  completed  in  FY2019,  a  marginal  2.7% increase  compared  with  23,099  transactions  completed  in  FY2018.  In  contrast,  Singapore’s  private residential resale market recorded sales of 9,238 units in FY2019, representing a decline of 30.4% from 13,344 units in FY2018. ERA ended the year with a leading 40.4% share of the HDB and the private residential resale market...."

http://investor.apacrealty.com.sg/newsro...MOV1.2.pdf  [PR]
http://investor.apacrealty.com.sg/newsro...MOV1.1.pdf  [FS]

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 :
1. https://links.sgx.com/FileOpen/APAC%20-%...eID=597844
2. https://links.sgx.com/FileOpen/APAC%20-%...eID=597845

According to AR2021, there are 2359 shareholders. But there were no AGM questions submitted.
I wonder what is the state of the retail investment scene.....

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AR2021
https://links.sgx.com/FileOpen/APAC%20Re...eID=708919

No Qn Announcement
http://investor.apacrealty.com.sg/news.html/id/2382215

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)

(14-04-2022, 10:06 PM)dreamybear Wrote: According to AR2021, there are 2359 shareholders. But there were no AGM questions submitted.
I wonder what is the state of the retail investment scene.....

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AR2021
https://links.sgx.com/FileOpen/APAC%20Re...eID=708919

No Qn Announcement
http://investor.apacrealty.com.sg/news.html/id/2382215

Seems like need to revert back to physical AGM to be lively personal , people tend to forget if is passive monotonous online mode