CGS-CIMB Research analyst Lock Mun Yee has maintained her ‘add’ call for Frasers Logistics & Commercial Trust (FLCT) following the REIT’s inclusion in the Straits Times Index (STI) from April 13.
Her target price of $1.57 also remains unchanged.
“We continue to like FLCT’s visible inorganic growth potential and income resilience, backed by a long weighted average lease expiry (WALE) profile,” she says in an April 9 research note.
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