Singapore Stock Market News
Frasers Centrepoint Ltd - Another good year
StockFanatic
Publish date: Tue, 10 Nov 2015, 11:53 PM
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■ FY15 results largely within expectations; high dividend yield of 5.2%.
■ Good earnings visibility from large S$3.1bn of unrecognized residential billings from Singapore, Australia and China.
■ Extensive pipeline of new investment property projects to boost rental income base.
■ New Thai strategic investment to broaden foray into Thailand.
■ Maintain Add with a RNAV-based target price of S$2.04.
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