Frasers Centrepoint Trust

Maybank keeps Frasers Centrepoint Trust at 'buy' after solid start to FY19

SINGAPORE (Jan 22): Maybank Kim Eng is maintaining its “buy” call on Frasers Centrepoint Trust (FCT) with an unchanged target price of $2.55 after the trust’s manager reported a 1Q19 DPU of 3.02 cents, up 0.7% on-year due to improved occupancies across all of its assets and positive rental reversions.

See: Frasers Centrepoint Trust posts 0.7% higher 1Q DPU of 3.02 cents

Does Frasers Centrepoint Trust still have legs to run?

SINGAPORE (Apr 26): Maybank Kim Eng, CIMB and OCBC are maintaining their “buy” recommendations on Frasers Centrepoint Trust (FCT) with the respective target prices of $2.55, $2.41 and $2.49.

On the other hand, Phillip Capital is reiterating its “neutral” rating on the trust with a $2.14 target price.

This follows the announcement of FCT’s latest 2Q results, which came in line with both research houses’ expectations with a 2% higher DPU of 3.10 cents from 3.04 cent a year ago.

Frasers Centrepoint Trust posts 3.8% rise in 1Q DPU to 3.0 cents on AEI completion, higher occupancy

SINGAPORE (Jan 23): The manager of Frasers Centrepoint Trust (FCT) has announced distribution per unit (DPU) of 3.0 cents for the 1Q ended December, 3.8% higher than DPU of 2.89 cents in the corresponding quarter a year ago.

Gross revenue grew 8.7% to $47.9 million in 1Q18, from $44.1 million a year ago.

The growth was driven mainly by Northpoint City North Wing, which saw its revenue jump 39.5% on the back of the completion of the asset enhancement initiative (AEI) works and improvement in occupancy at the mall.

Where to invest in 2018?

SINGAPORE (Dec 25): From the en bloc craze to meteoric spikes in tech stocks, 2017 has been coloured by significant asset price gains. Driven by the rally in blue chips, the Straits Times Index is up 18.5% in the year to Dec 18, a notable improvement from its 0.7% dip in 2016. With a recovery in commodity prices seemingly underway and persistent bullish sentiment in spite of geopolitical risks, the past year has been an upbeat one for investors.


Stick with these quality companies for upside in 2018, says OCBC

SINGAPORE (Dec 14): OCBC Investment Research says upside remains even as 2018 is unlikely to see a repeat of the “stellar gains” this year.

Year-to-date, the benchmark Straits Times Index (STI) has climbed 20% on the back of the financial and property sectors.

The financial sector led the way as the best performing sub-index in the Singapore market, with year-to-date gains of 31%. This was followed by the Real Estate Holding and Development Index, which surged 27%. The Singapore REIT index also performed well, rising 19%.

Soft retail environment keeps Frasers Centrepoint Trust at 'hold' despite positive 4Q results

SINGAPORE (Oct 26): The manager of Frasers Centrepoint Trust (FCT) announced its results Wednesday, with 4Q DPU increasing 5.5% to 2.97 cents, bringing FY17 DPU to 11.90 cents, 1.2% higher than FY16.

This is the trust’s 11th straight year of DPU growth and the highest DPU achieved since its listing in 2006.

Gross revenue for 4Q17 was also up 8.1% year-on-year to $48.2 million and net property income increased 10.0% to $34.6 million.

Frasers Centrepoint Trust to strengthen foothold after reclaiming its rule in the North

SINGAPORE (April 26): DBS Vickers Securities continues to rate Frasers Centrepoint Trust (FCT) at “buy” with an unchanged target price of $2.20, commending the retail REIT’s stable 2Q DPU of 3.04 cents despite the lack of contributions over the quarter from Northpoint, which is currently undergoing an asset enhancement initiative (AEI).

Si2i, UnUsUaL, mm2 Asia, Frasers Centrepoint Trust, Ezra, Chasen, Healthway Medical, Delong

SINGAPORE (April 4): Here are some stocks that could move the market this Tuesday morning.

Affinity Capital, a wholly-owned subsidiary of telecom and IT service provider Si2i Limited, has entered into an agreement with SB ISAT Fund to acquire from it an e-commerce platform.

STI closes 0.1% higher at 3,011.08

SINGAPORE (Jan 20): Singapore stocks ended almost flat on Friday amid weak regional cues as investors await incoming US President Donald Trump’s inauguration speech.

The Straits Times Index recovered some of the minor losses during the day to end 0.1% or 2.86 points higher at 3,011.08, nearly around the levels of previous close. Losers outnumbered gainers in the market at 218-182.

“The first 100 days of President Donald Trump commences and the market ushers in a new era with the new administration,” Pan Jingyi, market strategist with IG, said in a report this morning.

F&N & ThaiBev investors may be better off betting on this stock for yield

SINGAPORE (Jan 6): Even as Thai billionaire Charoen Sirivadhanabhakdi pursued control of Fraser and Neave (F&N) in 2012, the company sold its stake in Asia Pacific Breweries to Heineken International at a lofty price.

F&N, once a reliable dividend-paying stock with a trove of valuable assets, was subsequently forced to sell its stake in Myanmar Brewery to its joint-venture partner. Its property business has also been demerged and listed separately as Frasers Centrepoint (FCL).

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