Singapore Stock Market News

Frasers Commercial Trust - All Fired Up

StockFanatic
Publish date: Tue, 30 Jun 2015, 11:29 AM
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Firing on all fronts
We have raised our DCF-backed target price to S$1.79 to account for earnings accretion from the acquisition of 257 Collins Street, and interest savings as the Trust pares down debt using its S$44.3m proceeds from the sale of the CSC hotel. At its current price, FCOT offers investors a dividend yield of 6.6-6.9%, which is compelling in our view.
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