Perennial CRT   

Perennial China Retail Trust News

Maybe I should only Say " Good luck to you" .

jamesng      ( Date: 26-May-2013 18:16) Posted: Perhaps you can consider shorting this stock on Monday.......if PMI is an indicator for this stock....... Red Star occupancy is now over 90%...when malls are completed and occupancy are at > 80% level, should trade at price nearer to its NAV and not 35% discount to its NAV....

 

Perhaps you can consider shorting this stock on Monday.......if PMI is an indicator for this stock.......

Red Star occupancy is now over 90%...when malls are completed and occupancy are at > 80% level, should trade at price nearer to its NAV and not 35% discount to its NAV....

 

last month when China PMI drops from 51 to 50, prct started to drop to 57. this round the PMI contracts to 49. might see it heading towards 57 support again. any advice? 

 

I have double my holding on PCRT.....

High yield and potential price appreciation with increasing RNAV if execution is good.....

 

Today’s Focus (DBS)

•

attractive 6% yieldPCRT results in line, maintain Buy $0.84 TP for its

PCRT’s 1Q13 distribution income of S$10.9m was within

expectations, largely coming from the earn-out support as

assets are still in ramp up stage. This translates to a DPU of

0.95Scts. With occupancy at Shenyang Red Star Furniture

Mall, Shenyang Longemont Office and Perennial Jihua Mall

Foshan ramping up, earnings visibility and sustainability has

improved, while downside risk is protected by the remaining

earn out support. We maintain our Buy call on PCRT with

$0.84 TP for its attractive 6% yield and 0.9x P/NAV valuation.

 

 

Phillip initiates at Accumulate, with TP $0.67, based on a 35% discount to RNAV. Notes PCRT’s key properties mainly lie in key economic and transportation hubs of Shenyang, Chengdu and Foshan, which GDP growth have been higher than the nation’s avg and 1st tier cities over the past 10 yrs. Believes PCRT should ride on China’s long term consumption and urbanization trend. Likes that all of PCRT’s 6 key properties are easily accessible by operational and planned subway lines, which is conducive to bringing in and seizing shopper traffic. Adds, PCRT has negotiated an earn out Deed which fully covers the committed distribution of Rmb 227m for FY13-14, which translates to a div yield of above 6% in the next two yrs.

 

Watch for this stock

halleluyah      ( Date: 05-Apr-2013 17:59) Posted: Yeah sold 60 lots at 0.62/0.615. Now waiting to re-enter again....0.58 n blw. Octavia      ( Date: 02-Apr-2013 14:08) Posted: Sister Halleluyah,your PCRT chiong today.Lucky you. What is the tp for this counter?

 

Yeah sold 60 lots at 0.62/0.615. Now waiting to re-enter again....0.58 n blw.

Octavia      ( Date: 02-Apr-2013 14:08) Posted: Sister Halleluyah,your PCRT chiong today.Lucky you. What is the tp for this counter?

 

Sister Halleluyah,your PCRT chiong today.Lucky you.

What is the tp for this counter?

 

Further buying prices of Sgd. 0.605, 0.595, 0.585 and plan to continue with prices of Sgd. 0.0575, 0.565, 0.555, 0.545, 0.535, 0.525, 0.515, 0.505, 0.495 until 0.405 and stop that is the allocated allowable plan investment budget for this counter.

halleluyah      ( Date: 06-Feb-2013 12:25) Posted: Tks. My ave is 0.625  n collected 45lots.  Looking to add more. Hulumas      ( Date: 06-Feb-2013 12:12) Posted: Variable prices < Sgd. 0.63, 0.625 and  0.615, average price about slightly > Sgd. 0.62

 

Good.

Book closure date 25th Fed.

 

Results for Perennial China Retail Trust in line. Looking

ahead, operations ramping up and new development

assets are expected to extend earnings and RNAV growth

visibility. Maintain BUY, TP $0.84. We continue to like

PCRT for its attractive valuations, at 6% yield and 0.9xP/bk

NAV.

 

Perennial China Retail Trust Thursday posted an amount available for distribution to unitholders S$11.2 million for the fourth quarter ended Dec 31, 2012.

It said it will distribute 1.96 Singapore cents per unit for 2H2012 on March 18, 2013, bringing its full-year distribution per unit to 3.86 Singapore cents.

This came on the back of higher Q4 net profit of S$68.4 million, compared to S$7.8 million a year ago.

For the full year, the trust recorded a S$84.6 millio net profit, largely driven by fair value gain of S$60.3 million and from earn-out of S$21.9 million, the company said.

 

Reports out b4 trading on 14/2.

 

Tks. Hope reports will b gd. Future seems gd fr tis counter when all development completed. Gd dividend too.

sengsk      ( Date: 06-Feb-2013 12:01) Posted: Take closely monitoring, Might coming soon.............. Next TP 0.72 halleluyah      ( Date: 24-Jan-2013 18:28) Posted: Bro, can share wat px u go in. Just got some tdy as dividend time coming in March. Hoping to collect more at lower px

 

Tks. My ave is 0.625  n collected 45lots.  Looking to add more.

Hulumas      ( Date: 06-Feb-2013 12:12) Posted: Variable prices < Sgd. 0.63, 0.625 and  0.615, average price about slightly > Sgd. 0.62! halleluyah      ( Date: 24-Jan-2013 18:28) Posted: Bro, can share wat px u go in. Just got some tdy as dividend time coming in March. Hoping to collect more at lower px

 

Variable prices < Sgd. 0.63, 0.625 and  0.615, average price about slightly > Sgd. 0.62!

halleluyah      ( Date: 24-Jan-2013 18:28) Posted: Bro, can share wat px u go in. Just got some tdy as dividend time coming in March. Hoping to collect more at lower px. Hulumas      ( Date: 10-Jan-2013 16:18) Posted: I start buying

 

Take closely monitoring, Might coming soon..............

Next TP 0.72

halleluyah      ( Date: 24-Jan-2013 18:28) Posted: Bro, can share wat px u go in. Just got some tdy as dividend time coming in March. Hoping to collect more at lower px. Hulumas      ( Date: 10-Jan-2013 16:18) Posted: I start buying

 

Bro, can share wat px u go in. Just got some tdy as dividend time coming in March. Hoping to collect more at lower px.

Hulumas      ( Date: 10-Jan-2013 16:18) Posted: I start buying! New123      ( Date: 03-Jan-2013 12:41) Posted: will it be going up ??