Singapore Stock Market News

Frasers Centrepoint Trust - Suburban Retail Heavyweight

StockFanatic
Publish date: Wed, 25 Jul 2018, 12:38 PM
StockFanatic
0 10,452
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.
Another strong quarter, as expected; BUY FCT's 3Q18 DPU of SGD3.05cts, up 1.8% YoY, was led by stable occupancy and stronger rental reversions, and driven by Northpoint City North Wing post its AEI and Changi City Point - now a well-entrenched outlet mall. Following in-line results, our forecasts are unchanged, as well as DDMbased TP of SGD2.55 (WACC: 6.9%, LTG: 2.0%). We continue to favour FCT for its strengthening suburban mall footprint, and its valuation at 5.2% DPU yield as undemanding given visible growth drivers, strong balance sheet and potential acquisition catalysts. BUY. Read More
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment