On July 26, FCT reported that its tenants’ sales for its 3QFY2022 ended June increased by 23% over the same quarter last year. On average, the sales have even reached a level 10% higher than pre-pandemic levels.
Analysts from OCBC Investment Research (OIR), CGS-CIMB Research and Maybank Securities have maintained their “buy” call on Frasers Centerpoint Trust after its 3QFY2022 results ended June.
OIR was the only brokerage among the three that has cut its fair value estimate from $2.73 to $2.55. Meanwhile, Maybank and CGS-CIMB held their target prices steady at $2.80 and $2.75 respectively.
