Analysts remain positive on Frasers Property despite mixed 3Q performance

SINGAPORE (Aug 13): Frasers Property last week announced that its 3Q18 earnings increased 8.6% y-o-y to $198.1 million.

Revenue dropped by 2.7% y-o-y to $1.36 billion mainly caused by slower sales from Australia, hospitality, Europe and rest of Asia segments, partly offset by higher Singapore contributions.