Yes, everyone reckons the Singapore property market is turning up after years of being in the doldrums.

Roxy Pacific

Stock price:
56 c

Target price:
69 c

Source: DBS Vickers

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 --->

Stock

Entry Date

Entry Price

Current Price
(22/3/2018)

OCBC

30/10/2017

11.8

13.26

Genting

15/05/2017

1.08

1.12

FHT

11/01/2018

0.785

0.79

Keppel Corp

25/09/2017

6.40

7.89

POSH

13/10/2017

0.34

0.385

SingTel

29/11/2017

3.74

3.45

FCOT

01/02/2017

1.47

1.43

Roxy Pacific

13/12/2017

0.54

0.56

SIA

14/02/2018

10.62

11.00

Wilmar

26/02/2018

3.13

3.21

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: 
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For more on DBS model portfolio, click here.

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