Analysts from CGS-CIMB Research and OCBC Investment Research (OIR) have reiterated their “add” and “buy” calls on Feb 4, following Frasers Logistics & Commercial Trust’s (FLCT) 1Q business update released on Feb 3.

See: Frasers Logistics & Commercial Trust says Covid-19 pandemic as 'no material impact' on portfolio in 1Q business update

CGS-CIMB and OCBC have also upped their target price estimates to $1.57 from $1.50 previously, and $1.62 from $1.59 respectively.

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