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Here's why Frasers Logistics remains one of OCBC's top picks

Stanislaus Jude Chan
Stanislaus Jude Chan11/6/2017 04:03 PM GMT+08  • 2 min read
Here's why Frasers Logistics remains one of OCBC's top picks
SINGAPORE (Nov 6): OCBC Investment Research is keeping its “buy” call on Frasers Logistics & Industrial Trust (FLT) and raising its fair value estimate to $1.25, from $1.22 previously.
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SINGAPORE (Nov 6): OCBC Investment Research is keeping its “buy” call on Frasers Logistics & Industrial Trust (FLT) and raising its fair value estimate to $1.25, from $1.22 previously.

FLT “remains as one of our top picks,” says OCBC lead analyst Andy Wong Teck Ching in a report on Nov 3.

This comes after FLT posted a 4Q distribution per unit (DPU) of 1.77 cents, beating its IPO forecast by 8.6%. This brings FY17 DPU to 8.85 cents, 6.1% higher than forecast.

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