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Perennial Real Estate Holdings
Broker's Calls
Perennial's latest divestment could signal more to come, says DBS
SINGAPORE (April 24): DBS Vickers Securities is maintaining its “buy” rating on Perennial Real Estate Holdings (PREH) with an unchanged target price of 83 cents as it continues to expect near-term earnings to be driven by further divestment or fair va
April 24, 2019
Perennial Real Estate says IWG's premium co-working space No18 to launch at Capitol Singapore
SINGAPORE (Jan 11): IWG, the global provider of flexible workspace solutions, has leased over 20,600 sf of space at Capitol Singapore to launch its premium co-working space branded as No18.
January 11, 2019
Results
Perennial Real Estate's 2Q earnings drop by half to $8.6 mil despite revenue growth
SINGAPORE (Aug 3): Perennial Real Estate Holdings reported 2Q18 earnings of $8.6 million for 2Q ended June, halving from the group’s 2Q17 earnings of $17.1 million due to a comparatively lower fair value gain and higher finance costs than a year ago.
August 03, 2018
Broker's Calls
Ongoing developments, healthcare operations to drive Perennial Real Estate Holdings' growth
SINGAPORE (Feb 9): CIMB is reiterating its “add” call on Perennial Real Estate Holdings (PREH) with a target price of $1.12.
February 09, 2018
Broker's Calls
Latest China expansion plans make Perennial an even better 'buy': DBS
SINGAPORE (Jan 4): DBS Vickers Securities is reiterating its “buy” on Perennial Real Estate Holdings with a $1.05 price target given the research house is positive on its medium- to long-term development plans.
January 04, 2018
In print this week
What is fuelling the rise in M&A activities lately?
SINGAPORE (Nov 10): At least one new deal has been announced every day over the last week, with the largest being COSCO Shipping International (Singapore)’s $488 million offer for logistics services provider Cogent Holdings on Nov 3.
November 10, 2017
Yanlord-Perennial offer for United Engineers lapses
SINGAPORE (Sept 20): United Engineers will remain listed after an offer to take the century-old property group private failed.
September 20, 2017
Would lowball UE takeover offer have galled Singapore’s pineapple king?
(Sept 13): If he were alive today, the rubber and pineapple king of 1930s Singapore would surely be asking whether the custodians of his empire just sold another chunk of it too cheaply.
September 13, 2017
United Engineers appoints Yanlord, Perennial CEOs as new directors
SINGAPORE (Sept 12): United Engineers (UE) on Tuesday announced the appointment of Zhong Sheng Jian and Pua Seck Guan as its new directors.
September 12, 2017
M&A
Oxley scoops up more UE shares, raises stake to 11.57%
SINGAPORE (Aug 23): Oxley Holdings now holds an 11.57% stake in United Engineers, the property development and engineering company, which is in the midst of a takeover offer.
August 23, 2017