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Analysts stay positive on Frasers Centrepoint Trust on draw of larger malls

Stanislaus Jude Chan
Stanislaus Jude Chan7/25/2018 05:48 PM GMT+08  • 2 min read
Analysts stay positive on Frasers Centrepoint Trust on draw of larger malls
SINGAPORE (July 25): Analysts are keeping their positive outlooks on Frasers Centrepoint Trust (FCT) after the REIT saw its distribution per unit (DPU) climb 1.8% y-o-y to 3.053 cents for the 3Q18 ended June.
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SINGAPORE (July 25): Analysts are keeping their positive outlooks on Frasers Centrepoint Trust (FCT) after the REIT saw its distribution per unit (DPU) climb 1.8% y-o-y to 3.053 cents for the 3Q18 ended June.

“Despite coming off its seasonally strongest 2Q, FCT continued to deliver strong operating performance in 3Q18,” says DBS Group Research lead analyst Carmen Tay in a flash note on Wednesday.

DBS is keeping its “buy” call on FCT with an unchanged target price of $2.45.

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