Yes, everyone reckons the Singapore property market is turning up after years of being in the doldrums.
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Roxy Pacific |
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Stock price: |
Target price: |
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Source: DBS Vickers |
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Property developer stocks are on the move, as a result. Not everyone though.
According to DBS Research, Roxy-Pacific Holdings is "one of the few undiscovered” mid-cap developer proxies that are poised to ride the upbeat Singapore property market".
That's why Roxy-Pacific is included in DBS Group's model portfolio --->
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Stock |
Entry Date
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Entry Price |
Current Price |
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OCBC |
30/10/2017 |
11.8 |
13.26 |
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Genting |
15/05/2017 |
1.08 |
1.12 |
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FHT |
11/01/2018 |
0.785 |
0.79 |
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Keppel Corp |
25/09/2017 |
6.40 |
7.89 |
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POSH |
13/10/2017 |
0.34 |
0.385 |
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SingTel |
29/11/2017 |
3.74 |
3.45 |
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FCOT |
01/02/2017 |
1.47 |
1.43 |
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Roxy Pacific |
13/12/2017 |
0.54 |
0.56 |
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SIA |
14/02/2018 |
10.62 |
11.00 |
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Wilmar |
26/02/2018 |
3.13 |
3.21 |
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Sembcorp Marine |
12/03/2018 |
2.03 |
2.11 |
Most, if not all, of Roxy-Pacific's 10 development sites in Singapore were bought earlier than other developers, and market rates in the respective vicinity have since moved up.
(See: ROXY-PACIFIC: 8 S'pore projects for launch in 2018, $459 m pre-sales revenue to book)
For more on DBS model portfolio, click here.
