Changi City Point

Frasers Centrepoint Trust announces divesting 143m units in Hektar REIT following proposed sale of Changi City Point

The net proceeds will be used to repay FCT’s debt, thus lowering its gearing level.

SINGAPORE (Apr 26): Maybank Kim Eng, DBS Group Research and OCBC Investment Research -- are maintaining Fraser Centrepoint Trust (FCT) at “buy” with target prices of $2.60, $2.60 and $2.61 respectively.

SINGAPORE (Oct 26): The manager of Frasers Centrepoint Trust (FCT) announced its results Wednesday, with 4Q DPU increasing 5.5% to 2.97 cents, bringing FY17 DPU to 11.90 cents, 1.2% higher than FY16.

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.

SINGAPORE (April 26): DBS Vickers Securities continues to rate Frasers Centrepoint Trust (FCT) at “buy” with an unchanged target price of $2.20, commending the retail REIT’s stable 2Q DPU of 3.04 cents despite the lack of contributions over the quar

SINGAPORE (Jan 5): RHB is maintaining its “buy” call on Frasers Centrepoint Trust (FCT) with a target price of $2.22 despite foreseeing a challenging retail outlook for 2017, as the research house is confident in the REIT’s management as well as sub

SINGAPORE (Oct 24): CIMB is keeping its “add” rating on Frasers Centrepoint Trust with a higher target price of $2.28, from $2.25 previously, despite a 1.5% dip in FCT’s 4Q distribution per unit (DPU).

SINGAPORE (Oct 21): The manager of Frasers Centrepoint Trust (FCT) has declared a distribution per unit (DPU) of 2.815 cents for the 4Q16 ended Sept, 1.5% lower than a year ago.

SINGAPORE (July 18): RHB is maintaining its “buy” call for Frasers Centrepoint Trust (FCT), with a target price of $2.22 on the back of strong rental reversions in 3QFY16. The research house also likes FCT malls for its stable and resilient rental inc