SINGAPORE (Apr 14): OCBC Investment Research is keeping its “buy” recommendation on Frasers Centrepoint Trust (FCT), but with a lowered target price of $2.23 from $3.07 previously.

Although FCT has been delivering positive DPU growth every year since it listed in July 2006, with a CAGR of 5.5%, this track record may be broken in FY20 due to unprecedented measures introduced by the Singapore government to tackle the Covid-19 impact.

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