Home Capital Broker's Calls

Negatives for this REIT priced in while market shows sign of stabilisation

PC Lee
PC Lee3/14/2017 11:33 AM GMT+08  • 2 min read
Negatives for this REIT priced in while market shows sign of stabilisation
SINGAPORE (March 14): OCBC is maintaining its “buy” on Frasers Commercial Trust (FCOT) with $1.39 fair value given its recent share price fall on uncertainties over renewal leases.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (March 14): OCBC is maintaining its “buy” on Frasers Commercial Trust (FCOT) with $1.39 fair value given its recent share price fall on uncertainties over renewal leases.

Year to date, FCOT’s share price has declined by 0.8%, underperforming the FTSE ST REIT Index and STI which have risen by 4.0% and 9.2% respectively.

In a March 14 report, lead analyst Andy Wong Teck Ching attributes the underperformance to lease renewal uncertainties for tenants, Hewlett-Packard (HP) Singapore and Hewlett-Packard Enterprise Singapore, at its Alexandra Technopark (ATP) property.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now