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Frasers Property Limited (FPL)
Broker's Calls
Brokers’ Digest: OCBC, Centurion, Frasers Property, Aztech Global, Sats, SIA
Here's what the analysts have to say this week.
October 20, 2023
Broker's Calls
Negatives already priced in for Frasers Property, says DBS
The team reinstated a “buy” on Frasers Property on Sept 14 with a target price of $1.21.
October 13, 2023
Broker's Calls
DBS reinstates 'buy' on Frasers Property, says 'immense value' overlooked by investors
DBS analysts have reduced their target price to $1.21 from $1.70 previously, pegged to a 60% discount to Frasers Property's RNAV.
September 15, 2023
New appointments
Frasers Property appoints ThaiBev CEO as chairman of its exco
Current chairman Charoen Sirivadhanabhakdi will be retiring from his position.
August 30, 2023
Environmental, Social and Governance
Frasers Property entity secures refinancing for $1.08 bil green loan
Frasers Property enjoys a lower margin on its green loan if Frasers Tower maintains at least a Green Mark GoldPLUS certification.
August 22, 2023
M&A
Frasers Property acquires Frasers Property Technology for $18.0 mil
As at 9.50am, shares in Frasers Property are trading 0.5 cents lower or 0.57% down at 88 cents.
May 11, 2023
Results
Frasers Property reports 1HFY2023 earnings of $197.2 mil, 52.2% higher y-o-y
1HFY2023 EPS stood at 5.02 cents on a diluted basis, up from 3.28 cents per share the year before.
May 11, 2023
Broker's Calls
Resilience of FCT's suburban malls underpinned by high proportion of GRI: CGS-CIMB
CGS-CIMB continues to like FCT for it's pure play in the suburban mall space.
April 06, 2023
Sustainability
Frasers Property secures five-year A$340 mil and US$75 mil sustainability-linked loan for Australia business
To date, FPL has secured over $9 billion of green or sustainability-linked loans and bonds since its first green loan in 2018.
February 22, 2023
Broker's Calls
Frasers Property's unbilled residential revenue of $2.7 bil 'provides earnings visibility' over next few years: CGS-CIMB
Following the update, CGS-CIMB Research's Lock Mun Yee has lowered her estimates for the FY2023 to FY2024 by 6.95% to 8.45%.
February 10, 2023