Streetbeat News

PGRU

PropertyGuru Limited

https://www.propertyguru.com.sg

Industry

Real Estate - Services

PropertyGuru Limited operates online property classifieds marketplaces in Singapore, Vietnam, Malaysia, Thailand, and Indonesia. It serves agents and developers to advertise residential and commercial properties for sale or rent to property seekers. The company was incorporated in 2006 and is based in Singapore.

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Several top Wall Street analysts have downgraded their ratings for notable companies, including Globant S.A., Stride, Inc., AvidXchange Holdings, Inc., PropertyGuru Group Limited, and AbCellera Biologics Inc. Despite the downgrades, some companies saw an increase in their price targets.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 1:45 pm

JMP Securities has downgraded PropertyGuru Group (NYSE:PGRU) from Market Outperform to Market Perform, as per analyst Nicholas Jones.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 9:50 am

PropertyGuru Group Limited (NYSE:PGRU) has agreed to be taken private by EQT AB in a $1.1 billion all-cash deal. The merger values PropertyGuru at a 52% premium over its last unaffected trading price. Major shareholders TPG and KKR & Co. Inc. (NYSE:KKR) support the merger. The transaction is expected to close by early 2025, after which PropertyGuru will be delisted from the NYSE.

Portfolio Pulse from Lekha Gupta

August 16, 2024 | 11:40 am

PropertyGuru Group Limited (NYSE:PGRU) will be acquired by EQT Private Capital in an all-cash deal valued at $1.1 billion. The transaction, expected to close in Q4 2024 or Q1 2025, will result in PropertyGuru ceasing to trade on the NYSE and becoming a private company.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 7:39 am

Investment giants TPG Inc., KKR & Co. Inc., and Blackstone Inc. are reportedly interested in acquiring Southeast Asia's top gummy manufacturer, Yupi Indo Jelly Gum, valued at approximately $500 million. The deal is in its early stages, and Yupi Indo is consulting with an international bank to explore its options. The interest in Indonesia's consumer-goods sector is driven by the country's growing middle class, increasing incomes, and the rise of online shopping.

Portfolio Pulse from Lekha Gupta

July 26, 2024 | 3:40 pm

The article highlights the pre-market movements of various communication services stocks on Thursday. Key gainers include Millicom Intl Cellular (TIGO), PropertyGuru Group (PGRU), and Gamer Pakistan (GPAK). Notable losers include MultiMetaVerse Holdings (MMV), ZW Data Action Tech (CNET), and NetEase (NTES).

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 12:06 pm

KKR & Co. Inc. (NYSE:KKR) and TPG Inc. (TPG) are reportedly exploring a buyout of PropertyGuru Group Ltd. (NYSE:PGRU). The private equity firms, which own significant stakes in PropertyGuru, are working with a financial adviser to gauge interest from other global investors. PropertyGuru recently reported Q1 FY24 revenue that missed consensus estimates but showed a significant increase in adjusted EBITDA. KKR has also made other recent acquisitions, including a stake in Infinx and Perpetual's wealth management and corporate trust businesses.

Portfolio Pulse from Lekha Gupta

May 22, 2024 | 3:07 pm

Benchmark analyst Fawne Jiang reiterates a Buy rating on PropertyGuru Group (NYSE:PGRU) and maintains a $7 price target.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 1:21 pm

PropertyGuru Group Limited (NYSE:PGRU) reported Q1 FY24 results with a 12% Y/Y revenue growth to S$36.5 million, missing the consensus of S$37.3 million. Singapore's strong performance offset flat growth in Vietnam and Malaysia. Adjusted EBITDA rose to S$4 million, and EPS loss improved to S$0.04. The company remains cautiously optimistic, focusing on cost management and profitability.

Portfolio Pulse from Lekha Gupta

May 21, 2024 | 5:18 pm

PropertyGuru Group (NYSE:PGRU) reported Q1 2024 GAAP EPS of S$(0.04), an improvement from S$(0.06) YoY. Sales were S$36.515M, missing the S$37.331M estimate but up 11.91% YoY.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 5:27 am

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