Analysts from CGS-CIMB Research and DBS Group Research are positive on Frasers Logistics Commercial Trust (FLCT) following the REIT’s 1HFY2021 results ended March.

For the half-year period, FLCT reported 9.5% higher distribution per unit (DPU) of 3.8 cents on May 6, as well as record revenue of $231.7 million, representing a 95.1% y-o-y surge.

CGS-CIMB analysts Lock Mun Yee and Eing Kar Mei have kept “add” on the REIT with an unchanged target price of $1.57.

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