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PhillipCapital lowers FSL Trust's TP on tepid tanker market

Felicia Tan
Felicia Tan • 2 min read
PhillipCapital lowers FSL Trust's TP on tepid tanker market
However, the brokerage has raised its DPU estimates by 56.7%.
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PhillipCapital analyst Vivian Ye has maintained “accumulate” on First Ship Lease Trust (FSL Trust) albeit with a lower target price of 3 cents from 5 cents previously, as profit after tax plunged 95% y-o-y on lower revenue.

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First Ship Lease Trust (FSLT)
PhillipCapital
Broker's calls
Organisation for Economic Cooperation and Development (OECD)
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