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Fraser Centrepoint Trust kept at 'buy' by DBS, Maybank and OCBC

PC Lee
PC Lee4/26/2019 03:26 PM GMT+08  • 2 min read
Fraser Centrepoint Trust kept at 'buy' by DBS, Maybank and OCBC
SINGAPORE (Apr 26): Maybank Kim Eng, DBS Group Research and OCBC Investment Research -- are maintaining Fraser Centrepoint Trust (FCT) at “buy” with target prices of $2.60, $2.60 and $2.61 respectively.
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SINGAPORE (Apr 26): Maybank Kim Eng, DBS Group Research and OCBC Investment Research -- are maintaining Fraser Centrepoint Trust (FCT) at “buy” with target prices of $2.60, $2.60 and $2.61 respectively.

Maybank says FCT is its preferred retail REIT, thanks to its strengthening suburban-mall footprint, visible growth drivers, strong balance sheet and potential acquisition catalysts.

FCT’s 2Q also came in line with Maybank’s expectations although DPU had to be adjusted for the $376 million investment in an 18.8% stake in PGIM Asia Real Estate AsiaRetail Fund.

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