- Yield = 5.30%
- NAV = $0.82
- Price-to-book Value = 0.854
Perennial China Retail Trust has launched its IPO with little details (these are those which I can find.) It is priced at a discount to NAV which makes it attractive. What is not attractive is its yield which is at 5.30%.
If you click on to the link, you would see that it is priced at the lowest level which signify that it has very low demand. I will not be applying for it as I am very sure that it will fall below $0.70 on the first day.