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Frasers Property Limited (FPL)
Property
Frasers Property sells Beijing Fraser Suites Real Estate Management for RMB1.61 bil
The estimated net gain of the sale is around $90 million.
January 21, 2021
Company in the news
Frasers Property terminates agreement relating to 75% acquisition in Vietnamese property firm
The full deposit of some $2.35 million pertaining to the agreement has been refunded.
January 21, 2021
Results
Frasers Property suffers loss of $45.7 mil for 2H, FY20 earnings down 66.4% to $188.1 mil
A final ordinary dividend of 1.5 cents has been recommended, which will be paid on Feb 10, 2021.
November 11, 2020
REITs
FCT’s preferential offering to open on Oct 9
Units in FCT closed 1 cent lower, or 0.4% down, at $2.35, on Oct 8.
October 08, 2020
REITs
FCT reports 2.2% lower tenant sales, 36.4% lower shopper traffic for August
Units in FCT closed 3 cents lower or 1.2% down, at $2.53, on September 24.
September 25, 2020
Disruption and Digitalisation
Frasers Property Retail to launch e-commerce marketplace in October
Frasers eStore will launch with 200 merchants via the Frasers Experience (FRx) app from end October.
September 01, 2020
Results
'Significant and negative impact' on Frasers Property's earnings inevitable, says group CEO in 3Q business update
In the group’s business update for 3Q20, Sirivadhanabhakdi added that impact on valuations at the end of the FY is a “possibility”.
August 07, 2020
Sustainability
Frasers Property secures Singapore's first green loan under LMA/APLMA Green Loan Principles for executive condo development
Frasers Property announced Tuesday that it has secured a $350 million green loan under the LMA/APLMA Green Loan Principles to finance its Fernvale Lane Executive Condominium (EC) development.
June 09, 2020
Broker's Calls
Analysts cautiously positive on Frasers Property after 2Q20 results announcement
DBS analysts Rachel Tan and Derek Tan, as well as CGS-CIMB analyst Lock Mun Yee are maintaining their “buy” call on Frasers Property, but with a reduced target price.
May 14, 2020
Results
Frasers Property CEO warns 'business as usual' is not an option as 2Q earnings drop
Frasers Property reported 2Q20 earnings of $74.5 million from a year ago, bringing 1H20 earnings to $233.8 million, 12.1% lower than a year ago.
May 13, 2020