RHB analyst Vijay Natarajan is keeping his “neutral” call and $2.40 price target on Frasers Centrepoint Trust, with a 2% downside seen.

The retail industry continues to face pressure, but FCT, which owns the second largest portfolio of suburban malls, is well diversified and to weather the challenges.

However, at 1.1 times and 5% yield for the year ending Sept 21, Natarajan does not see valuations compelling. 

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook