Singapore Stock Market News

Frasers Centrepoint Trust - Awaiting accretive acquisition

StockFanatic
Publish date: Thu, 18 Apr 2013, 11:44 AM
StockFanatic
0 10,453
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
Causeway Point and NorthPoint remain the key drivers of FCT's performance. We continue to like FCT for its resilient retail exposure, and see catalysts from the accretive acquisition of a larger Changi City Point, which should provide FCT with its next prong of growth.

2Q/1HFY13 DPUs broadly met our and consensus expectations at 26/48% of our FY13 forecast. The slight variance was due to higher retained earnings, which should be paid out in the remaining quarters. We tweak our DPUs and DDM-based target price (discount rate: 6.7%) higher. Maintain Outperform.
Read more »
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment