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Analysts positive on FCT amid improving portfolio performance

Chloe Lim
Chloe Lim • 4 min read
Analysts positive on FCT amid improving portfolio performance
Waterway Point, one of the malls under FCT's portfolio. Photo: Albert Chua/The Edge Singapore
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Analysts are generally positive on Frasers Centrepoint Trust (FCT) following its results for the FY2022 ended Sept 30.

DBS Group Research analysts Geraldine Wong and Derek Tan have kept their “buy” call on FCT in lieu of resilient offerings that continue to support a “rosy report card”, driven by strong above-market average operational metrics.

The analysts say that FCT’s full year gross revenue of $356.93 million up 4.6% y-o-y was in line with their estimate of $358.5 million.

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