Frasers Logistics & Commercial Trust (FLCT) plans to acquire a fully-leased freehold suburban commercial property in Victoria, Australia for A$60.25 million (about S$58.4 million).

The Singapore research team at UOB Kay Hian has added AEM, Keppel Corporation (Keppel Corp) and Singapore Post (SingPost) to its alpha picks portfolio for the month of May.“We add AEM due to it being a beneficiary of Intel’s aggressive capex plans while Keppel’s inclusion stems from the large ...

The manager of Frasers Logistics & Commercial Trust (FLCT) has reported a distribution per unit (DPU) of 3.85 cents for the 1HFY2022 ended March, 1.3% higher than the DPU of 3.80 cents in the corresponding period the year before.Revenue for the half-year period inched up by 1.7% y-o-y to $235.7 ...

THE following companies saw new developments that may affect trading of their securities on Friday (May 6): Frasers Logistics and Commercial Trust (FLCT): The real estate investment trust (Reit) on Friday posted a 1.3 per cent rise in distribution per unit (DPU) to S$0.0385 for its first hal...

FRASERS Logistics and Commercial Trust (FLCT)’s distribution per unit (DPU) rose by 1.3 per cent to S$0.0385 for its first half ended March 31, 2022, from S$0.038 a year ago.

As the Russia-Ukraine conflict drags on, Maybank Securities analyst Thilan Wickramasinghe sees risks of the prolonged conflict dragging Europe into a recession. As Singapore’s GDP has a sizeable 7.7% exposed to the European Union, a slowdown on the continent could have negative impact on revenues,...

Despite a 2% month-on-month collective increase within the Singapore REIT (S-REIT) sector, 15 of the 44 S-REITs are still trading within 5% of their 52-week lows. However, DBS Group Research analysts Derek Tan, Dale Lai, Rachel Tan and Geraldine Wong say they see the sector bottoming out once the US...

The team at OCBC Investment Research (OIR) says it foresees higher inflationary pressures to be a concern on the impact of margins on the Singapore REITs (S-REITs) sector. Amid the inflationary pressures, interest rates are poised to increase further as central banks are likely to raise their benchm...

Real estate investment trust (REIT) and property developers form a staple feature of the Singapore dollar (SGD) corporate credit market with $27.5 billion of bonds and perpetuals outstanding in total, rep­resenting around 26% of the market (excluding government bonds and statutory boards). Given t...

Analysts from CGS-CIMB Research, OCBC Investment Research, and UOB Kay Hian have maintained their “buy” and “add” calls on Frasers Logistics and Commercial Trust (FLCT), although OCBC and CGS-CIMB have lowered their target prices. OCBC’s research team dropped their fair value of FLCT from ...