PropNex

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#21
With Propnex down by 32% from its peak, we did research on this stock with an impressive return on investment of 37%.

It fared well on almost all counts as compared to Apac Realty. It has management with skin in the game.

However, we do feel that the drop in share price could be a leading indicator of property prices in Singapore which are still holding well at record highs.

Therefore, we are of the view that there could be further downside before it becomes attractive again. 

Here is the link to our research article:

https://thebigfatwhale.com/propnex-value...ty-prices/
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