suburban malls

Will suburban mall operator FCT shine?

This article appeared in Issue 782 (June 5) of The Edge Singapore

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).

What will hold this retail REIT steady amid a dismal outlook?

SINGAPORE (Jan 5): RHB is maintaining its “buy” call on Frasers Centrepoint Trust (FCT) with a target price of $2.22 despite foreseeing a challenging retail outlook for 2017, as the research house is confident in the REIT’s management as well as suburban mall portfolio.

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