- Upgrade Frasers Centrepoint Trust to BUY from Neutral, keep S$2.35 target price.
- 1QFY25 saw stable operational performances of Frasers Centrepoint Trust with near-full occupancy and healthy rent reversions.
- - Read this at SGinvestors.io -
Market concerns over Causeway Point slightly overblown.
- We believe potential retail sales leakages from the upcoming Singapore-Johor Bahru Rapid Transit System or RTS link (end 2026) can be offset by a significant planned increase in catchment population in the area (~10,000 new homes in the next five years), no new supply, increased cross-border traffic, and Woodlands’ rising prominence as a regional centre, which results in more commercial activities in our view.
- - Read this at SGinvestors.io -
Extracting value from AEI.
- Read more at SGinvestors.io.
Vijay Natarajan RHB Securities Research | https://www.rhbgroup.com/ 2025-01-23
Previous report by RHB:
2024-10-28 Frasers Centrepoint Trust - Strengthening Its Suburban Mall Positioning.
Price targets by 5 other brokers at Frasers Centrepoint Trust Target Prices.
Listing of research reports at Frasers Centrepoint Trust Analyst Reports.
Relevant links:
Frasers Centrepoint Trust Share Price History,
Frasers Centrepoint Trust Announcements,
Frasers Centrepoint Trust Dividend Payout Dates & Corporate Actions,
Frasers Centrepoint Trust News
