Fraser Centrepoint Trust

Re: Fraser Centrepoint Trust

Postby winston » Tue Apr 24, 2012 8:38 am

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Frasers Centrepoint Trust, which owns shopping malls, said its distribution per unit for the second quarter rose 20.8 percent to 2.50 Singapore cents from a year ago, boosted by higher revenue and net property income.

Source: Reuters
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Re: Fraser Centrepoint Trust

Postby winston » Tue Oct 23, 2012 8:28 am

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Frasers Centrepoint Trust, which owns shopping malls, said its fourth quarter distribution per unit was 2.71 Singapore cents, 15.3 percent higher than a year ago, helped by higher gross revenenue and net property income.


Source: Reuters
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Re: Fraser Centrepoint Trust

Postby winston » Wed Oct 24, 2012 3:33 pm

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SINGAPORE-Frasers Centrepoint at record high; Brokers up target price

Frasers Centrepoint Trust rose as much as 1.8 percent to a record high after brokerages raised their target prices for the shopping mall owner, citing better-than-expected fourth-quarter results.

By 0425 GMT, units of Frasers Centrepoint were at S$1.945, with a volume of 1.2 million, compared with its full day average trading volume of 1.4 million over the last five sessions.

Frasers Centrepoint said its fourth-quarter distribution per unit (DPU) was 2.71 Singapore cents, 15.3 percent higher than a year ago, helped by higher gross revenue and net property income.

Citigroup raised its target price for the trust to S$2.08 from S$2.00, to factor in stronger contribution from its shopping mall Causeway Point, where full occupancy is expected at the end of the year.

Citi increased its 2013 and 2014 DPU estimates by 2-3 percent, and noted that Frasers Centrepoint's gearing fell to 30.1 percent, giving it comfortable room to raise debt to support any potential acquisitions.

OCBC Investment Research also raised its target price on Frasers Centrepoint to S$2.13 from S$1.97 and maintained a 'buy' rating, on expectations of better operating performance.

The brokerage expects Frasers Centrepoint to acquire a property, Changi City Point, in 2013, which it said should provide further growth.


Source: Reuters
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Re: Fraser Centrepoint Trust

Postby winston » Thu Jul 03, 2014 5:04 pm

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Frasers Centrepoint Trust (Share price: S$1.895, TP: S$2.13)

Potential rental reversion of Change City Point offers ample room to raise profitability and spur growth in the coming years, thanks to a growing catchment population.

FCT also offers attractive FY14-16F yields of 6.0-6.8%.

Source: DBS
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Re: Fraser Centrepoint Trust

Postby behappyalways » Fri Mar 01, 2019 2:33 pm

Frasers Centrepoint Trust acquires 17.1% stake in PGIM Real Estate AsiaRetail Fund for $342.5 mil
https://www.theedgesingapore.com/fraser ... d-3425-mil
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Re: Fraser Centrepoint Trust

Postby behappyalways » Thu Mar 21, 2019 2:18 pm

Frasers Property and FCT raise stakes in PGIM Asia retail property fund for $635 mil
https://www.theedgesingapore.com/fraser ... nd-635-mil
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Re: Fraser Centrepoint Trust

Postby behappyalways » Thu May 23, 2019 9:44 am

Frasers Centrepoint Trust in equity fund raising for at least $422 mil
https://www.theedgesingapore.com/fraser ... st-422-mil
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Re: Fraser Centrepoint Trust

Postby behappyalways » Fri Sep 13, 2019 8:46 am

Frasers Centrepoint Trust raises stake in Waterway Point to 40%
https://www.theedgesingapore.com/capita ... y-point-40
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Re: Fraser Centrepoint Trust

Postby winston » Thu Apr 23, 2020 1:05 pm

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Frasers Centrepoint Trust Says 2Q20 DPU Of 1.61 Singapore Cents

April 23 (Reuters) - Frasers Centrepoint Trust :
* 2Q20 DPU OF 1.61 SINGAPORE CENTS
* 2Q20 NET PROPERTY INCOME S$36 MILLION VERSUS S$36.4 MILLION
* COVID-19 TO HAVE SIGNIFICANT IMPACT ON REVENUE, INCOME AVAILABLE FOR DISTRIBUTION & CASHFLOW FOR REMAINING FY20

Source: Reuters
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Re: Fraser Centrepoint Trust

Postby winston » Fri Apr 24, 2020 9:42 am

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Frasers Centrepoint Trust (FCT SP)
2QFY20: Weathering Safe Distancing And Circuit Breaker Measures


FCT reported good results with income available for distribution increasing 25% yoy in 2QFY20.

Management has adopted a prudent approach to retain 50% of cash, resulting in a 48.7% fall in DPU to 1.61 S cents.

FCT is more resilient due to its focus on suburban retail malls. However, tenants’ sales are expected to fall over the next few months due to safe distancing measures and the circuit breaker period, which has been extended to 1 Jun 20.

Maintain HOLD. Target price: S$2.00. Entry price: S$1.82.

Source: UOBKH

https://research.uobkayhian.com/content ... 7106e12ba3
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