Propnex *Official* (SGX:OYY)

reddevil0728

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I left sq because of the toxic environment. Cabin crews sisters were jealous and infighting . Hence decided to do something else. For now as im still finding job, hope to get some income from investing
There’s a diff between income from investing and trading.

you should be aware it’s not like some income replacement you can rely on
 

Dividends Warrior

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Now at $2.37
Closed at $2.40
My very first 'Quintuple-Bagger'! (excluding dividends)
Learnt a new word today. :ROFLMAO:

GzgkE7GakAAeA1S
 

Dividends Warrior

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PropNex hit another new high $2.50 in the morning. 🤗
A wave of new condo launches coming in Oct.

Skye @ Holland
Penrith @ Queenstown
Faber Residences @ Clementi
Zyon Grand @ Zion Road
 

Euqorab

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What are your thoughts on competitors?

Previously the well-known property lim brothers and their team were with PropNex, and then they struck out on their own (actually why do agents need these big groups as umbrellas?) more recently the PLB took the franchise for KW realty to Singapore…. there might be more agents shifting over to KW as I notice some social media trends…

Threats to PropNex?
 

Euqorab

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What are your thoughts on competitors?

Previously the well-known property lim brothers and their team were with PropNex, and then they struck out on their own (actually why do agents need these big groups as umbrellas?) more recently the PLB took the franchise for KW realty to Singapore…. there might be more agents shifting over to KW as I notice some social media trends…

Threats to PropNex?
Would we see a repeat of what happened in the insurance sector during 2016 when there was exodus of representatives from one company to another? Though I didn’t keep track what was the impact to the company seeing the exodus of its representatives…
 

Dividends Warrior

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What are your thoughts on competitors?

Previously the well-known property lim brothers and their team were with PropNex, and then they struck out on their own (actually why do agents need these big groups as umbrellas?) more recently the PLB took the franchise for KW realty to Singapore…. there might be more agents shifting over to KW as I notice some social media trends…

Threats to PropNex?
When I read the AGM minutes, If I remember correctly, the CEO addressed this question. He mentioned advantages like better economies of scale for admin, marketing, potential sale contacts, databases and systemic training etc.

The smaller boutique agencies are more nimble and can provide more personalised services.
 
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