CIMB starts Perennial China at outperform

Stock Name: PerennialCRT
Company Name: PERENNIAL CHINA RETAIL TRUST

Research House: CIMB

Price Call: BUY

Target Price: 0.65

CIMB Research has initiated coverage of Singapore-listed Perennial China Retail Trust, which owns shopping malls in China, at outperform with a target price of $0.65

By 9:11 a.m., units of PCRT were 2.8% lower at $0.530, and have gained about 12% so far this year.