Perennial holds a 45% stake in the joint venture vehicle Perennial HC Holdings, with the remaining stakes held by Shun Tak Holdings (30%), Bangkok Bank (10%), a subsidiary of BreadTalk Group (5%), an investment vehicle of Kuok Khoon Hong (4%), S1F (4%) and a subsidiary of Wilmar International (2%).
SINGAPORE (Jan 4): DBS Vickers Securities is reiterating its “buy” on Perennial Real Estate Holdings with a $1.05 price target given the research house is positive on its medium- to long-term development plans.
This comes after the announcement last night of a Perennial-led consortium closing its first capital commitment to develop US$1.2 billion ($1.61 billion) worth of integrated healthcare property mixed developments in China, to be linked up by the upcoming high speed railway (HSR) network.
