APAC Realty --- Still lagging behind PropNex

 I bought APAC Realty on 26 Oct 2020 at 37 cts. It closed on last Friday, 28 May 2021, at 64.5 cts. My ROI on paper is about 73.6%. 

Sell or don't sell? I will keep it! Why?

My simple calculation is that it should be worth 83.7 cents based on equivalent forward p/e of PropNex derived from the latter's closing price of $1.59. The forward p/e of PropNex is about 9.913x now. 

This will mean APAC Realty will still have an upside of 29.76% to catch up with PropNex even if the price of PropNex remains stagnant at $1.59. I believe PropNex still has room to move up given the increase in property sales and rental transactions. 

Anyway, 73.6% is definitely not a bad on-paper ROI within 7 months or so. 

Superphang
http://superphang.blogspot.sg