SINGAPORE (Mar 16): Frasers Centrepoint Trust (FCT) has not been spared by the Covid-19 pandemic, but OCBC Investment Research remains optimistic that the real estate investment trust will “remain resilient”.

Over less than two weeks, the counter has fallen more 24% from its recent peak closing price of $3.04 on March 5.

“[FCT’s] share price has taken a beating, in line with overall weak market conditions,” says OCBC’s research team in a March 16 report.

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