As a firm economic recovery takes hold, more companies are reporting better revenue and profits.
That said, the question that investors should ask themselves is whether these payments can be sustained into the future.PropNex is Singapore’s largest real estate agency with more than 10,000 sales professionals. UOBKH reported a 6.7% increase in revenue to S$627 million for FY2021, driven by higher trading volumes in the US and Hong Kong but offset by lower Singapore trading volume.Net profit, however, dipped by 4.3% year on year to S$153.8 million due to higher operating expenses.
The group offers more than 1,400 products under its 23 house brands and also sells an assortment of necessities, general merchandise, and fresh food. The group has enjoyed strong fund inflows of S$3.7 billion for FY2021, pushing its assets under administration to a new record high of S$19 billion as of 31 December 2021.
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