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Analysts stay positive on Frasers Centrepoint Trust in light of ‘improving outlook’

Chloe Lim
Chloe Lim1/28/2022 01:24 PM GMT+08  • 4 min read
Analysts stay positive on Frasers Centrepoint Trust in light of ‘improving outlook’
Analysts are optimistic about FCT as the REIT’s portfolio saw resilient operating metrics for the 1QFY2022 ended December
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Analysts from CGS-CIMB and Maybank Securities are optimistic about Frasers Centrepoint Trust (FCT) as the REIT’s portfolio saw resilient operating metrics – including its portfolio occupancy – during its business update for the 1QFY2022 ended December.

CGS-CIMB analysts Eing Kar Mei and Lock Mun Yee have maintained ‘add’ on FCT, with a lower target price of $2.73 from $2.92, as they raise their cost of equity (COE) assumption to reflect the rising rate environment.

During the REIT’s management briefing, Eing and Lock note that management sounded “more optimistic” as Singapore moves towards normalisation.

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