RHB and CIMB keep Frasers Centrepoint Trust at ‘buy'

SINGAPORE (July 25): RHB and CIMB are maintaining their “buy” rating on Frasers Centrepoint Trust (FCT) with a target price of $2.22 and $2.34 respectively.

This is despite a 1.3% decline y-o-y in its DPU for 3Q17 to 3 cents and a 3.3% y-o-y decline in its revenue for the same period.

See: Frasers Centrepoint Trust 3Q DPU falls 1.3% to 3 cents on impact of Northpoint AEI

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