SINGAPORE (Jul 14): Frasers Logistics & Commercial Trust (FLCT) is on a “stronger growth trajectory” following its merger in April, with a stable and resilient portfolio, say CGS-CIMB analysts Lock Mun Yee and Eing Kar Mei in a July 13 report. 

“We like FLCT’s visible inorganic growth potential and income resilience backed by a long WALE (weighted average lease expiry),” they note. 

CGS-CIMB is maintaining “add” on the company with a raised target price of $1.43.

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