Stock Evaluation and Commentary: APAC Realty | Lianhe Zaobao

APAC Realty suggests a neutral rating, with a target price of 0.80 yuan, closing price at 0.895 yuan (-4.79%). The net profit for the first half of the year was 11.3 million yuan, a year-on-year increase of 176%. Despite strong new home sales, growth is expected to slow down. The company plans to issue one bonus share for every five shares to reward shareholders, and new home sales are expected to increase. Net profit forecasts for the fiscal years 2025 to 2027 have been raised by 39%, 25%, and 28%, respectively. The stock price has risen by 129%, with a current price-to-earnings ratio of 16 times, and the rating has been downgraded from "Buy" to "Neutral."