Frasers Centrepoint Trust (FCT)

Go defensiveness after this week's market meltdown, says OCBC
SINGAPORE (Oct 12): The Dow Jones Industrial Average on Wednesday fell more than 800 points while the S&P 500 had its worst day since February as technology stocks were battered. Another reason for the meltdown was the spike in the US 10-year Treasury bond yield from 3.06% on Oct 2 to 3.18% on Oct 3 and subsequently to a 7-year high of 3.23% on Oct 5. On the back of poor market ...
S-REITs remain good defensive play despite uncertainties ahead
SINGAPORE (Sept 5): OCBC Investment Research says the Singapore REIT sector remains a good defensive shelter for investors amid macroeconomic uncertainties. For the S-REITs under its coverage universe, OCBC is projecting stable DPU growth of 1.7% for FY18/19 and 1.6% for FY19/20. “Looking ahead, we have tempered our expectations for the hospitality sector, and now expect more muted DPU ...
Why Frasers Centrepoint's two northern malls are doing well
SINGAPORE (Sept 5): It's no wonder why Frasers Centrepoint Trust's Northpoint City and Causeway Point are two of the biggest malls in the northern region. Given the two malls are well connected to MRTs and bus stations, they have been performing well with occupancy rates of over 98% and relatively consistent positive rental reversions. And the outlook for the two malls appears ...
Flight to safety driving investor interest in SREITs
SINGAPORE (Aug 24): There has been good interest in SREITs over the last couple of months with the sector bouncing 4.6% from the lows in June, says DBS Group Research. The rebound was due to property funds switching from developers due to the additional property cooling measures in Singapore and generalist funds seeking yield given the uncertain macro backdrop arising from the trade war ...
5 defensive S-REITs to consider as hospitality industry outlook clouds
SINGAPORE (July 31): OCBC Investment Research is maintaining “neutral” on Singapore REITs (S-REITs) with a weaker outlook for the hospitality sub-sector, which has prompted a pushback in expectations for a pick-up in Singapore hotel RevPAR this year to early 2019. In a Tuesday report, lead analyst Andy Wong says he finds hospitality REITs less attractive than before in terms of valuations, ...
Frasers Centrepoint Trust declares 1.8% higher 3Q DPU of 3.053 cents
SINGAPORE (July 24): The manager of Frasers Centrepoint Trust (FCT) announced a DPU of 3.053 cents for 3Q18 ended June, up 1.8% year-on-year. Gross revenue for 3Q18 was up 10.9% y-o-y to $48.3 million on higher contributions from the three larger malls in the portfolio. Northpoint City North Wing’s 3Q18 revenue was up 35.9% y-o-y with higher occupancy and rental revenue, while Causeway ...
On the cusp of recovery, office and hospitality S-REITs worth a closer look
SINGAPORE (May 31): DBS Group Research says this could be a good time to scoop up S-REITs of selected office and hotel names given supply pressures in these sub-sectors have eased. In a Thursday report, lead analyst Mervin Song says the oversupplied market over the past few years which resulted in muted S-REIT performance and decline in DPUs for several REITs has given way to a turnaround in ...
S-REITs kept at 'neutral' by OCBC as rising yields cancel out improving fundamentals
SINGAPORE (May 24): The S-REITs sector, using the FTSE Straits Times REIT Index (FSTREI) as a benchmark, is down 6% year-to-date at the close on Tuesday. Including dividends, the sector posted total returns of –3.4% year-to-date. “We believe this decline has been driven by concerns over a rising interest rate environment, as government bond yields have also seen a spike since the start of ...
Frasers Centrepoint Trust's 2Q DPU up 2% to 3.1 cents
SINGAPORE (Apr 25): The manager of Frasers Centrepoint Trust’s (FCT) has declared a 2Q18 DPU of 3.10 cents, 2% higher compared to 2Q17 DPU of 3.04 cents. This came on the back of a 2.5% increase in distribution to unitholders to $28.7 million, from $28.0 million last year. Gross revenue was 6.3% higher at $48.6 million compared to $45.7 million a year ago, mainly driven by a 31.7% y-o-y ...
3 S-REITs to accumulate following the market pullback: OCBC
SINGAPORE (Mar 6): OCBC Investment Research is maintaining its “neutral” stance on the Singapore REITs (S-REITs) sector with the conclusion of the 4QCY17 earnings season, which the research house deems to have offered “little surprises” as all 24 S-REITs under its coverage delivered results which met expectations. In a Tuesday report, lead analyst Andy Wong recalls that OCBC has ...