SINGAPORE (Oct 22): CGS-CIMB Securities and RHB Research are maintaining their respective “hold” and “neutral” calls on Frasers Commercial Trust (FCOT), both with a $1.50 price target each.

The former has tweaked its FY1920 DPU marginally and introduced FY21 estimates, while latter is expecting operational weakness to persist in FY19 before a recovery is due in FY20.

This comes after the trust’s manager last week declared a 4Q DPU of 2.40 cents, down 0.4% from a year ago and in line with both research houses’ estimates.

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