Home Capital Company in the news

Perennial looks to China for long-term growth

Thiveyen Kathirrasan
Thiveyen Kathirrasan8/23/2019 06:30 AM GMT+08  • 8 min read
Perennial looks to China for long-term growth
SINGAPORE (Aug 26): During a results briefing -earlier this year, Pua Seck Guan, CEO of Perennial Real Estate Holdings (PREH), sidestepped questions on capital expenditure, debt, debt-to-equity levels, cash flow, earnings before interest and taxes (Ebit),
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Aug 26): During a results briefing -earlier this year, Pua Seck Guan, CEO of Perennial Real Estate Holdings (PREH), sidestepped questions on capital expenditure, debt, debt-to-equity levels, cash flow, earnings before interest and taxes (Ebit), earnings before interest, taxes, depreciation and amortisation (Ebitda), hedging policy, and sponsors and consortiums. He preferred, instead, to discuss China’s great potential for healthcare and eldercare operators.

PREH holds, through its own balance sheet, consortiums and joint ventures, stakes in properties in Singapore and China, and healthcare facilities in China. The Singapore properties are AXA Tower, -CHIJMES, 111 Somerset and Capitol Singapore. In China, PREH owns stakes in hospitals in Guangzhou and Chengdu, a medical centre in Chengdu, and an eldercare business through its 49.9% stake in Renshoutang, a private, integrated eldercare company. PREH paid the equivalent of $148 million in 2016 for its stake.

Overall, China real estate accounts for 60.7% of PREH’s total assets, and Singapore real estate 30.2% by effective stake, that is, based on PREH’s stake in each -asset.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now