In a Monday report, analyst Vijay Natarajan says, “The space to be vacated by HPE constitutes approximately 17.1% of the total NLA of ATP and 6.6% of FCOT’s total gross rental income for the month ended Jun 2017.”
SINGAPORE (Sept 25): RHB is reiterating its “neutral” call on Frasers Commercial Trust (FCOT) with a target price of $1.40.
This comes on the back of the trust’s announcement that Hewlett Packard Enterprise (HPE) Singapore, one of the trust’s key tenants, would not be renewing its lease for the 178,843 sq ft space when it expires in Sept/Nov 2017. HPE currently occupies 191,846 sq ft in Alexandra Technopark (ATP).
