Frasers Commercial Trust

Analysts from Maybank Kim Eng and OCBC retained their ‘hold’ ratings for SPH with unchanged target prices.

For FLT, some 99.85% of unitholders voted for the merger, while 98.61% of FCOT’s unitholders were in favour of the merger.

(Dec 13): Two real estate investment trusts with Chinese properties outperformed the sector since the start of Dec, Sasseur REIT and EC-World REIT.

SINGAPORE (Dec 2): On Nov 28, Frasers Logistics and Industrial Trust and Frasers Commercial Trust announced trading halts before the market opened, prompting market watchers to go into overdrive on what form a merger could take.

SINGAPORE (Apr 9): CIMB, Maybank Kim Eng and OCBC are reiterating their “hold” calls on SPH REIT with unchanged target prices and a lower fair value of $1.06, $1 and $1.02, respectively.

SINGAPORE (April 21): The manager of Frasers Commercial Trust (FCOT) has announced a 2Q17 distribution per unit (DPU) of 2.51 cents, 2.4% higher than the 2.45 cents posted a year ago.

SINGAPORE (Nov 9): Following the recent spate of privatisation, UOB Kay Hian is casting the spotlight on the merger and acquisition (M&A) investment theme.

SINGAPORE (Oct 21): Frasers Commercial Trust (FCOT) posted a record distribution per stapled security of 9.8 cents for FY 16 to Sept, the highest payout since its listing in 2006.

SINGAPORE (July 19): HP is known worldwide for its technology-related products. But to Singapore, it is also a long-time investor and big employer. As the company moves its operating facilities and offices around the island, it will likely leave its mark

SINGAPORE (July 11): Daiwa has downgraded Ascendas REIT (AREIT) to “hold” with a revised target price of $2.35 after the post-Brexit hunt for yield chased up its price.