PropNex is Singapore’s largest listed real estate agency with 8,595 property agents as of 14 June 2020. The bulk of its revenues come from its real estate brokerage services, where revenue is derived through commission-based fees from sales and rental of residential, commercial, and industrial properties. Its other business segments include training services, property management services, and real estate consultancy. From the chart below, PropNex’s revenue breakdown in FY2019 does not vary too much across different real estate segments: Source: PropNex 2020 AGM presentation slides As COVID-19 has forced shut the showrooms of new property developments and have made property visits for prospective buyers a challenge, I wanted to find out how PropNex intends to overcome these challenges to continue to drive sales. Hence, I tuned in to PropNex’s 2020 AGM to find out more: 1. PropNex’s revenue decreased by 3% year-on-year to S$419.8 million in FY2019. This was...