Perennial China Retail Trust (PCRT)

Market took a plunge today & I'm happy to add Perennial China Retail Trust  (PCRT) to my portfolio. At the price I got, yield is slightly above 6%. Note that this is a non-REIT. 

PCRT acquires, owns & develops land or uncompleted developments in China.

PCRT objectives:

1. Provide unitholders with long-term capital growth from a steady growth in net asset value (NAV).

2. Provide unitholders with regular distributions from the income of its completed and stabilised assets.

DBS Vickers have been posting "Buy" calls for PCRT over the past few weeks & I've seen this counter rose from 0.590 to 0.660 & today it fell to 0.600 & it's a great price to enter, in my opinion. For those who missed it today, there's still hope on Monday when market reopens.