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Home / Capital / Brokers Calls

CGS-CIMB bullish on Frasers Property Limited despite Covid-19 hospitality headwinds

Broker's Calls

CGS-CIMB bullish on Frasers Property Limited despite Covid-19 hospitality headwinds

Ng Qi Siang Published on Wed, Feb 10, 2021 / 12:29 PM GMT+8

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Despite its hospitality segment continuing to face headwinds from the Covid-19 pandemic, CGS-CIMB analyst Lock Mun Yee has maintained her “add” rating on Frasers Property Limited (FPL) with an unchanged target price of $1.70. This was on the back of residential settlements staying on track for 1QFY2021 ending September and robust industrial and logistics occupancy.

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