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Continue to 'add' FLCT as it joins the STI: CGS-CIMB

Atiqah Mokhtar
Atiqah Mokhtar4/12/2021 4:4 PM GMT+08  • 2 min read
Continue to 'add' FLCT as it joins the STI: CGS-CIMB
CGS-CIMB continues to like FLCT for its "visible inorganic growth potential and income resilience".
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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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