During the REIT’s management briefing, Eing and Lock note that management sounded “more optimistic” as Singapore moves towards normalisation.
Analysts from CGS-CIMB and Maybank Securities are optimistic about Frasers Centrepoint Trust (FCT) as the REIT’s portfolio saw resilient operating metrics – including its portfolio occupancy – during its business update for the 1QFY2022 ended December.
CGS-CIMB analysts Eing Kar Mei and Lock Mun Yee have maintained ‘add’ on FCT, with a lower target price of $2.73 from $2.92, as they raise their cost of equity (COE) assumption to reflect the rising rate environment.
