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Frasers Property Limited (FPL)
Results
Frasers Property reports 1HFY2023 earnings of $197.2 mil, 52.2% higher y-o-y
1HFY2023 EPS stood at 5.02 cents on a diluted basis, up from 3.28 cents per share the year before.
May 11, 2023
Broker's Calls
Resilience of FCT's suburban malls underpinned by high proportion of GRI: CGS-CIMB
CGS-CIMB continues to like FCT for it's pure play in the suburban mall space.
April 06, 2023
Sustainability
Frasers Property secures five-year A$340 mil and US$75 mil sustainability-linked loan for Australia business
To date, FPL has secured over $9 billion of green or sustainability-linked loans and bonds since its first green loan in 2018.
February 22, 2023
Broker's Calls
Frasers Property's unbilled residential revenue of $2.7 bil 'provides earnings visibility' over next few years: CGS-CIMB
Following the update, CGS-CIMB Research's Lock Mun Yee has lowered her estimates for the FY2023 to FY2024 by 6.95% to 8.45%.
February 10, 2023
Company in the news
Frasers Property will not be redeeming the $300 mil fixed rate subordinated perpetual securities on first call date
According to the group, the decision to do so was partly due to the current macroeconomic and interest rate environments.
December 17, 2022
Sustainability
Frasers Property's green retail notes offer 1.64 times subscribed
The total final offer size was increased to $500 million from the initial $420 million.
September 16, 2022
REITs
FHT shareholders vote against scheme resolution for privatisation
Frasers Property (FPL) and the manager of FHT had announced their offer of 70 cents per FHT unit to FHT’s unitholders on June 13.
September 12, 2022
![[Update] Frasers Property to offer up to $375 mil worth of five-year fixed rate green notes - THE EDGE SINGAPORE](https://edgemarkets-transferred.s3-ap-southeast-1.amazonaws.com/default-pic_0_39_2.jpg?zTFiUxDmeIpPF3WLLS1Nk5QpVRfVNZ83)
Sustainability
[Update] Frasers Property to offer up to $420 mil worth of five-year fixed rate green notes with coupon rate of 4.49%
The notes will have a public offer tranche that will be open to retail investors in Singapore.
September 08, 2022
New appointments
Frasers Property Capital appoints Wong Ping as its chief investment officer
Wong previously held senior leadership positions with CBRE Investment Management and Allianz Real Estate Asia Pacific.
August 22, 2022
Deals, joint ventures & alliances
Frasers Property and ThaiBev subsidiaries enter into JV to collaborate in the advancement of tech and digitalisation
The JVCo is said to explore a potential share subscription of $84.27 million for a 50% stake in BetterBe Marketplace.
August 16, 2022