Frasers Centrepoint Trust (FCT)

SINGAPORE (July 1): Real estate investment trusts are still bankers’ best friends. In the first half of this year, Singapore REITs raised $1.35 billion (see Table 1) through placements that was used mainly for acquisitions. In general, these acquisition

SINGAPORE (June 24): DBS Group Research is reiterating its “buy” call on Frasers Centrepoint Trust (FCT) with a higher target price of $2.85, from $2.60 previously.

SINGAPORE (May 27): Suburban retail malls are quickly gaining favour in Singapore, stealing local visitors away from the famed Orchard Road shopping belt. And Frasers Centrepoint Trust (FCT), which currently owns a portfolio of six suburban malls, looks p

SINGAPORE (May 21): Frasers Centrepoint Trust (FTC) is expected to add 19.8% to its share base from the issue of 184 million new units to raise funds amid its proposed acquisition of a 33.3% stake in Waterway Point.

SINGAPORE (May 7): Singaporeans aren’t spending like they used to, at least not in shopping malls. There are too many already and more are being built. But investors still have good reasons to back mall owners.

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 (Apr 11): Frasers Property Limited is set to become the second largest owner of retail properties in Singapore.

SINGAPORE (Apr 8): Maybank Kim Eng is reiterating its “hold” call on SPH REIT with an unchanged target price of $1.05 on expectations of limited retail sales growth.

SINGAPORE (April 4): Maybank Kim Eng is remaining “positive” on the Singapore REIT (S-REITs) sector on expectations of continued outperformance, while highlighting Ascendas REIT (A-REIT) as the best proxy to overall recovery across S-REITs.  

SINGAPORE (Feb 28): The manager of Frasers Centrepoint Trust (FCT) announced that its wholly-owned subsidiary, FCT Holdings (Sigma), will be acquiring a 17.13% stake in PGIM Real Estate AsiaRetail Fund for a consideration of $342.5 million.