Frasers Centrepoint Trust
PhillipCapital “buy” $2.64
Occupancy improved but higher cost of equity seen
PhillipCapital analyst Natalie Ong has reiterated her “buy” call on Frasers Centrepoint Trust (FCT) but with a lowered target price of $2.64, from $2.83. This is in anticipation of higher cost of equity estimated at 6.48%, up from 6.38% previously.