Perennial Real Estate Holdings (PREH)

Broker's Calls

Accept privatisation offer for Perennial, CGS-CIMB tells minority shareholders

SINGAPORE (June 16): Minority shareholders of Perennial Real Estate Holdings should accept the privatisation offer made by the company’s substantial shareholders together with Chinese asset manager

CoVid-19

Singapore confirms first case of Wuhan virus. Here's what investors need to know

SINGAPORE (Jan 24): Singapore’s stock market is expected to be rattled on Friday, after the Asian financial hub on Thursday evening announced its first confirmed case of the deadly Wuhan virus that

Corporate moves

Market chatter suggests Yanlord is poised to make a general offer for United Engineers

SINGAPORE (Oct 28): After The Edge Singapore went to press on Oct 24, an announcement was due to be made on a transaction involving United Engineers.

Results

Perennial reports 1Q loss of $27 mil on higher finance, startup and operating costs

SINGAPORE (May 7): Perennial Real Estate Holdings reversed into 1Q19 losses of $26.9 million, compared to earnings of $5,1 million a year ago.

In print this week

SPH opts for higher-yielding properties; PREH to report 1QFY2019 loss as cash flow remains in the red

SINGAPORE (May 6): On April 22, Singapore Press Holdings announced it had entered into an agreement to sell its stake in the retail podium and four office strata units (Chinatown Point mall) at the

Perennial-led consortium to fully divest stake in Chinatown Point Mall for $520 mil; expects 2Q to turn profitable

Property

Perennial-led consortium to fully divest stake in Chinatown Point Mall for $520 mil; expects 2Q to turn profitable

SINGAPORE (Apr 22): Perennial Real Estate Holdings, together with its consortium of investors, is fully divesting its 100% stake in entities that own the retail mall and four strata office units in

Broker's Calls

DBS keeps faith with Perennial's 'hidden gems' to drive longer-term growth

SINGAPORE (Feb 14): DBS Group Research is keeping the faith in Perennial Real Estate Holdings (PREH), despite the real estate and healthcare company posting a 22.2% drop in full-year earnings.

Results

Perennial posts 42% fall in 4Q earnings to $16 mil; dividend drops 60% to 0.4 cent per share

SINGAPORE (Feb 13): Real estate and healthcare company Perennial Real Estate Holdings (PREH) saw its earnings fall 42.0% to $16.0 million for the 4Q18 ended December, from $27.6 million a year ago.

Property

Perennial-led JV puts in $68 mil winning bid for land next to Kunming South HSR station

SINGAPORE (Dec 20): Perennial Real Estate Holdings announced that its 45%-owned joint venture vehicle, Perennial HC Holdings, has won a tender to develop two plots of land in China located next the

Results

Perennial's 3Q earnings nearly treble to $48.3 mil on fair value gain

SINGAPORE (Nov 7): Perennial Real Estate Holdings saw its earnings nearly treble to $48.3 million for the 3Q18 ended September, some 183.3% higher than $16.9 million a year ago.

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