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OCBC keeps 'hold' call as Frasers Centrepoint Trust records 13th straight year of DPU increase

Uma Devi
Uma Devi10/24/2019 03:14 PM GMT+08  • 3 min read
OCBC keeps 'hold' call as Frasers Centrepoint Trust records 13th straight year of DPU increase
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SINGAPORE (Oct 24): OCBC Investment Research is maintaining its “hold” call on Frasers Centrepoint Trust, with a higher target price of $2.75, some 2.2% higher than the previous target price of $2.69.

On the whole, Frasers Centrepoint Trust (FCT) appeared to have had a solid 4Q19.

On Wednesday, the REIT’s manager reported a distribution per unit (DPU) of 2.913 cents for the quarter, a 1.8% increase from a year ago. This translated to a full-year DPU of 12.07 cents, up 0.5% from FY18.

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