He writes: “FCT believes that the travel between Singapore and Johore is nothing new, with various modes of cross-border travel available, but what is new is the upcoming Rapid Transport System (RTS) Link Project which makes it easier for people to go into Malaysia and come into Singapore.”
Citi Research analyst Brandon Lee has kept his “buy” call on Frasers Centrepoint Trust (SGX:J69U
) (FCT) following the REIT’s 3QFY2024 business updates analyst briefing.
In his July 24 note, the analyst notes that FCT is not seeing significant retail leakage to Johore currently with Causeway Points’ “resilient” sales performance and shopper traffic reaching pre-pandemic levels.
