Home Capital Broker's Calls

'Buy' Frasers Centrepoint Trust on stable performance: analysts

Felicia Tan
Felicia Tan4/27/2021 5:14 PM GMT+08  • 5 min read
'Buy' Frasers Centrepoint Trust on stable performance: analysts
Despite the positive recommendations, all brokerages have reduced FCT's TP and DPU estimates on the disposal of Yew Tee Point.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Analysts from CGS-CIMB Research, OCBC Investment Research (OIR), PhillipCapital and UOB Kay Hian have maintained “add” or “buy” on Frasers Centrepoint Trust (FCT) as the trust reported an improved distribution per unit (DPU) of 5.996 cents for the 1HFY2021 ended March.


See: Frasers Centrepoint Trust reports 28.4% higher 1H21 DPU of 5.996 cents, boosted by enlarged retail portfolio

All four brokerages have, however, reduced their target prices on the REIT. CGS-CIMB has reduced FCT’s target price to $2.87 from $3.01 previously, while OCBC has reduced its fair value estimate to $2.78 from $2.95. PhillipCapital has cut its target price to $2.88 from $2.93, while UOB Kay Hian has reduced its target price to $3.06 from $3.18.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.