Earnings and Results

PropertyGuru hit by steeper losses in Q2 2024

The firm posted a net loss of S$16m in Q2 2024, up 2.7X YoY.

Analysis

EQT’s planned PropertyGuru acquisition may be a bid to curb further valuation drop

"Major shareholders KKR and TPG may not want to see their investments go down.”

Private Equity

EQT to acquire SE Asian proptech PropertyGuru at $1.1b valuation

PropertyGuru commanded a valuation of $1.6b on its NYSE listing in March 2022.

Deals

KKR, TPG weigh buyout of SE Asian real estate platform PropertyGuru

KKR and TPG own about 26.5% and 29.6% stake in PropertyGuru, respectively.

Earnings and Results

PropertyGuru returns to the red in Q1 after two profitable quarters

Losses narrowed to S$6m from S$10m a year ago.

Analysis

Tech exits in Vietnam to improve amid increased M&A appetite, finds report

Tech is still one of the least active sectors in Vietnam in terms of M&A transactions, per a report.

Earnings and Results

PropertyGuru posts net profit for second straight quarter in Q4

For the full year 2023, the firm's net loss narrowed by 88% to S$15.3m.

Analysis

Asia Digest: PropertyGuru lays off staff; Affinity to invite bids for MY hospital; Shein considers London IPO

PropertyGuru has laid off 79 employees—about 5% of its workforce.

Analysis

Vantage Point: PropertyGuru facing headwinds from different directions

This edition also analyses Astra's digital banking plans and Indonesia's wholesale push.

Earnings and Results

SE Asian proptech firm PropertyGuru swings to profit in Q3, revenue up 13%

The SE Asian proptech firm last reported a net profit in Q2 2022.