Highlights
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Frasers Centrepoint Trust (SGX:J69U) is divesting its smallest mall, White Sands in Pasir Ris, for S$467m, representing an 8.4% premium to valuation. We estimate exit yield at 4.8%, which is fair given the competition from Pasir Ris Mall.
- - Read this at SGinvestors.io -
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Resiliency of suburban malls is supported by growth in household income and limited supply. Maintain BUY. Target price: S$2.99.
Sharpening focus on dominant malls.
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Frasers Centrepoint Trust announced the divestment of White Sands, a suburban mall in Pasir Ris, for an agreed property value of S$467m, which represents an 8.4% premium to independent valuation of S$431m. The divestment is expected to generate a net gain of S$32.4m.
- - Read this at SGinvestors.io -
White Sands is the smallest mall in FCT’s portfolio.
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Jonathan Koh CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2026-07-02
Previous report by UOB:
2026-04-27 Frasers Centrepoint Trust - Resilience Of Necessity-driven Suburban Retail In 1HFY26.
Price targets by 4 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
