Frasers Centerpoint Trust (FCT)

Analysts from CGS-CIMB and RHB think that FCT's Central Plaza could be a potential candidate for divestment.

DBS Group Research has handed 9 S-REITs a 'buy' rating. Find out why.

DBS Group Research remains positive on the counter with an unchanged ‘buy’ rating and target price of $3.

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

The balance of the gross proceeds has also been used to pay the professional and other fees incurred for the private placement.

The impact of Covid-19 on retail is slowly abating, write CGS-CIMB analysts Eing Kar Mei and Lock Mun Yee in an August 20 note, and “traffic should normalise” as capacity limits are lifted.

Frasers Centrepoint Trust (FCT)’s operational update on July 20 reported a dip in 1.5 percentage points q-o-q to 94.6% for 3Q20, led by Bedok Point (at -3.7 percentage points q-o-q), and YewTee Point (-2.6 percentage points q-o-q).

“We acknowledge the challenges facing retail [Real Estate Investment Trusts] REITs like FCT in 2020. Investors should however look beyond the current weakness and identify positive trends shaping the future of physical retail malls,” says Joel Ng of KGI.

SINGAPORE (June 11): SGX lists at least 24 companies and two trusts associated with seven business empires run by some of Singapore’s richest families. These home-grown companies and/or conglomerates on SGX have a combined market capitalisation of more

SINGAPORE (May 20): In a much anticipated announcement, the manager of Frasers Centrepoint Trust said on May 16 that it would be acquiring a one-third stake in Waterway Point from sponsor Frasers Property (FPL). The purchase consideration on a 100% basis