Perennial Real Estate Holdings started at 'add' with target price of $1.37 by CIMB

Stock Name: Perennial Hldgs
Company Name: PERENNIAL REAL ESTATE HLDGSLTD

Research House: CIMB

Price Call: BUY

Target Price: 1.37

SINGAPORE (Feb 12): CIMB Research has initiated coverage of Perennial Real Estate Holdings with an "add" call and a target price of $1.37.

With its traded price of $1.045 at 4:36 p.m., this translates into a potential upside of 31%.

CIMB analysts Lock Mun Yee and Tan Xuan says Perennial is one of "the cheapest property" counters.