In a Tuesday report, OCBC analyst Andy Wong says he continues to like FCT for the strong rental reversions and improved occupancy shown over the latest financial quarter, driven by a robust rental uplift at Causeway Point and positive rental reversions at YewTee Point and Changi City Point.
SINGAPORE (Jan 23): OCBC Investment Research and Phillip Capital are maintaining their “buy” and “neutral” calls on Frasers Centrepoint Trust (FCT) with the respective fair value and price target of $2.50 and $2.21.
This comes post the release of the trust’s 1Q19 results which saw 1Q DPU grow 0.7% y-o-y to 3.02 cents, in line with both research houses’ expectations.
