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Hongkong Land, PropNex Seen as Profit-Taking Opportunities -- Market Talk

Dow Jones01-15

0354 GMT - Property company Hongkong Land and real-estate services agency PropNex could serve as tactical profit-taking opportunities among Singapore's real-estate stocks, say DBS Group Research analysts in commentary. Both stocks are trading above the analysts' 12-month target prices following recent rallies. While sector stocks covered by the bank started the year strongly with some large-caps outperforming the FTSE Straits Times Index year-to-date, the analysts expect the pace of gains to moderate. This is despite drivers, such as Singapore residential-sales momentum, remaining intact, they add. DBS likes asset manager CapitaLand Investment and real-estate group Frasers Property, as their valuations haven't caught up to peers', while developer GuocoLand has the potential to unlock value through restructuring alongside its resilient property-development business. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

January 14, 2026 22:54 ET (03:54 GMT)

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