Broker Name: KGI

Date of Report: Not specified

Excerpt from KGI report.

• PropNex is seeing a strong recovery in new-launch residential supply, leading to significant revenue and profit growth, with expectations of continued momentum into FY2026 due to a healthy project launch pipeline.
• The company is offering a high dividend payout (99.9% payout ratio, ~5.1% yield), which supports valuation, but future share price upside depends on further earnings growth or sustained high sales volumes.

Report Summary

• PropNex’s revenue and profit surged in FY2025 on strong new residential project launches, with management optimistic for FY2026 as well.
• Dividend yield is attractive and serves as a valuation anchor, but further upside requires ongoing strong performance or higher transaction volumes.

Above is an excerpt from a report by KGI. Clients of KGI can be the first to access the full report from the KGI website: https://www.kgieworld.sg