Singapore Stock Market News
Frasers Commercial Trust - Driven by ATP
StockFanatic
Publish date: Mon, 26 Oct 2015, 01:30 PM
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■ The 14% rise in DPU came from ATP and better performance at CSC and 55MS.
■ Weaker A$ dragged down earnings growth and book value.
■ Portfolio occupancy to remain high.
■ Proactive asset management including AEI at CSC and signing of new 12-year lease with Hamersley Iron extend earnings visibility.
■ Maintain Add with DDM-based target price of S$1.62.
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