For FCT’s 1QFY2024 ended Dec 31, 2023, FCT, which owns a portfolio of suburban malls, reported a committed occupancy of 99.9%, up 1.5% y-o-y, and up 0.2% q-o-q.
Analysts at DBS Group Research, Citi Research, CGS-CIMB Research, UOB Kay Hian and Maybank Securities are keeping their “buy” and "add" calls on Frasers Centrepoint Trust (SGX:J69U
) (FCT), while the analyst at RHB Bank Singapore maintains his “neutral” call.
While Citi, DBS and UOB have kept their target prices of $2.52, $2.60 and $2.70 respectively, Maybank, RHB and CGS have raised their respective target prices to $2.40 from $2.25, $2.30 from $2.12 and $2.54 from $2.52.
