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Frasers Centrepoint Trust to divest YewTee Point for $220 mil - THE EDGE SINGAPORE

REITs

Frasers Centrepoint Trust to divest YewTee Point for $220 mil

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

Broker's Calls

Fraser Centrepoint Trust kept at 'buy' by DBS, Maybank and OCBC

SINGAPORE (Apr 26): Maybank Kim Eng, DBS Group Research and OCBC Investment Research -- are maintaining Fraser Centrepoint Trust (FCT) at “buy” with target prices of $2.60, $2.60 and $2.61 respectively.

Broker's Calls

Does Frasers Centrepoint Trust still have legs to run?

SINGAPORE (Apr 26): Maybank Kim Eng, CIMB and OCBC are maintaining their “buy” recommendations on Frasers Centrepoint Trust (FCT) with the respective target prices of $2.55, $2.41 and $2.49.
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