While CGS-CIMB Research expects Frasers Property to record lower earnings ahead following the latter’s mixed operational performance across asset class and geography, it has remained bullish on the company.

The brokerage points out that active capital deployment is a potential upside catalyst for Frasers Property.

As a result, the brokerage has kept its “add” rating for the stock with an unchanged target price of $1.70.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook