Shares & Derivatives
Perennial 4-year 4.55% bonds
By Some Ideas on Investing in Singapore  •  April 25, 2016
Here comes another corporate bond issue, this time from Perennial with its second bond issue. I think I missed out covering the first bond issue late last year, so I'll look through the company's financial statements in this post and see if it's worth investing in. First, some background to the company. It is a relatively new company, created through a reverse takeover of St. James Holdings in late-2014. After the reverse takeover, the exisiting businesses were spun off while interests in real estate projects, developments and some other entities were acquired by the company. Moving on to the financials of the company (I'll be using their 18 months ended 31/12/2015 statements). The income statement shows an ok-ish picture. The income of the group is roughly 1.6x the finance costs. but non-controlling interests make up quite a large proportion of the net profit, which may be a concern ......
Read the full article
By Some Ideas on Investing in Singapore
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance