DBS keeps faith with Perennial's 'hidden gems' to drive longer-term growth
Stanislaus Jude Chan • • 2 min read
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.
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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.
Perennial on Wednesday reported a 42% plunge in 4Q18 earnings to $16.0 million, bringing FY18 revenue to $78.1 million – more than one-fifth lower than $100.3 million a year ago.
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