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Here’s why DBS likes Frasers Centrepoint despite slide in 2Q earnings

Jude Chan
Jude Chan5/12/2017 04:24 PM GMT+08  • 2 min read
Here’s why DBS likes Frasers Centrepoint despite slide in 2Q earnings
SINGAPORE (May 12): DBS Group Research believes Frasers Centrepoint (FCL) is poised to benefit from positive sentiment in Singapore property.
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SINGAPORE (May 12): DBS Group Research believes Frasers Centrepoint (FCL) is poised to benefit from positive sentiment in Singapore property.

The research house is keeping its “buy” recommendation on FCL and raising its target price to $2.30, from $2.00 previously.

This despite FCL in the second quarter ended March posting a 42.2% decline in earnings to $71.2 million from a year ago on lower sales.

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