SINGAPORE (Dec 2): OCBC is maintaining a buy on Frasers Centrepoint Trust (FCT) with a fair value of $2.25 as its recent share price weakness represents a good opportunity for investors to accumulate a quality stock with solid defensive attributes.

In a Wednesday report, lead analyst Andy Wong says one of the factors contributing to its recent share price correction could be worries over FCT’s possible entry into a new market.

During sponsor Frasers Centrepoint Limited’s (FCL) last analyst briefing, it was highlighted that there was a possibility for FCT to acquire assets in Australia.

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