Stock Name: PerennialCRT
Company Name: PERENNIAL CHINA RETAIL TRUST
Company Name: PERENNIAL CHINA RETAIL TRUST
| Research House: CIMB | Price Call: BUY | Target Price: 0.65 |
Target S$0.65
Change of shareholding saw PCRT's local partner offloading his stake in PCRT. Mr Kuok now holds a 17% stake. New additional earn-out amount negotiated with Summit Group buffers this negative news. We take comfort in greater certainty of higher dividend yields till 2014.
Change of shareholding saw PCRT's local partner offloading his stake in PCRT. Mr Kuok now holds a 17% stake. New additional earn-out amount negotiated with Summit Group buffers this negative news. We take comfort in greater certainty of higher dividend yields till 2014.
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