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.

Perennial Real Estate Holdings started at 'buy' with $1.28 target price by Phillip

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

Research House: Phillip Securities

Price Call: BUY

Target Price: 1.28

SINGAPORE (Feb 4): Phillip Securities Research has initiated coverage on Perennial Real Estate Holdings (PREH) with a "buy" and target price of $1.28, after it recently completed its reverse takeover of St James Holding.

Analyst Wong Yong Kai believes that PREH is under-appreciated by the market, and perhaps overly-penalised for its exposure to Chinese properties. Its Chinese portfolio comprises majority interests in development properties in Beijing, Chengdu, Xi'an and Zhuhai, as well as completed properties in Shenyang, Foshan and Chengdu.