Causeway Point

The net proceeds will be used to repay FCT’s debt, thus lowering its gearing level.

Analysts are positive on FCT, all maintaining their “buy” and “add” calls with raised target prices.

SINGAPORE (Sept 5): It's no wonder why Frasers Centrepoint Trust's Northpoint City and Causeway Point are two of the biggest malls in the northern region.

SINGAPORE (July 25): RHB and CIMB are maintaining their “buy” rating on Frasers Centrepoint Trust (FCT) with a target price of $2.22 and $2.34 respectively.

SINGAPORE (July 24): The manager of Frasers Centrepoint Trust (FCT) has declared a distribution per unit (DPU) of 3 cents for the third quarter ended June, 1.3% down from the 3.04 cents DPU reported in the same period a year ago on lower revenue.

SINGAPORE (April 26): DBS Vickers Securities continues to rate Frasers Centrepoint Trust (FCT) at “buy” with an unchanged target price of $2.20, commending the retail REIT’s stable 2Q DPU of 3.04 cents despite the lack of contributions over the quar

SINGAPORE (Jan 20): The manager of Fraser Centrepoint Trust has reported DPU for 1Q17 rose 0.7% to 2.89 cents from 2.87 cents a year ago.

SINGAPORE (Jan 5): RHB is maintaining its “buy” call on Frasers Centrepoint Trust (FCT) with a target price of $2.22 despite foreseeing a challenging retail outlook for 2017, as the research house is confident in the REIT’s management as well as sub

SINGAPORE (Oct 21): The manager of Frasers Centrepoint Trust (FCT) has declared a distribution per unit (DPU) of 2.815 cents for the 4Q16 ended Sept, 1.5% lower than a year ago.

SINGAPORE (July 19): DBS has maintained its “buy” call for Frasers Centrepoint Trust (FCT), with a target price of $2.29. This comes as the REIT recently declared a DPU of 3.04 cents on the back of its 3QFY16 results.