In today’s ST, Perennial China Retail Trust took out a full-page ad in colour in ST to extol the IPO’s merits.
Two pages away, ST carried a story headlined ” CapitaLand’s share dip linked to China”. In juz slightly smaller type face, the headline went on, “Poor showing due to concerns over firm’s greater exposure, vulnerability to policy changes”.
If I were Perennial, I’d ask ST for a refund. This headline sums up the thesis why this is an IPO to avoid.