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

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.

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

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.

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 devel

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 m

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.

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.

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.

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.

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