Why I am Most Bullish on Propnex
@koolgal：
In land scarce Singapore, real estate prices have been soaring sky high ever since Covid-19 struck last year. $PROPNEX LIMITED(OYY.SI)$ plays a crucial role in helping Singaporeans to find their dream homes.Propnex is the largest Real Estate Agency in Singapore with 10000 sales agents and counting. Its dominant position enable it to capture the lion share of the property market here. Propnex Revenue doubled to SGD234.4 million with strong cash position of SGD123.7 million. Its Net Profit After Tax more than doubled to SGD15.5 million in 3rd Quarter 2021.Propnex Revenue for the 3rd quarter 2021 was mainly driven by higher commission from agency services of SGD67.5 million and from project marketing services of SGD48.9 milli
