Frasers Property

What could happen to CapitaLand Ascott Trust's perps ahead of Sept 4 call date?  - THE EDGE SINGAPORE

REITs

What could happen to CapitaLand Ascott Trust's perps ahead of Sept 4 call date?

CapitaLand Ascott Trust's call date for a $150m tranche of perps is in Sept. A number of REITs have their perp call dates in 2025.

REIT Watch

FCT's private placement to fund additional stake in Nex 2.5x subscribed

FCT plans to pay $523.1 million for the additional stake in Nex

Company in the news

Frasers Property 'not aware' of possible sale of company nor assets by controlling shareholder

Frasers Property is tightly held by Charoen Sirivadhanabhakdi
Analysts cheer ThaiBev despite lower FY2023 earnings - THE EDGE SINGAPORE

Investing ideas

Analysts cheer ThaiBev despite lower FY2023 earnings

While the beer segment is losing some fizzle, the spirits business is seen to have more room to do better

Broker's Calls

CGS-CIMB, DBS maintain positive view on Frasers Property despite lower FY2023

Given its record low valuations, Frasers Property is deeply undervalued and an attractive privatisation candidate.
This developer’s 8% gearing ratio and 0.34x P/NAV is attractive to its chairman  - THE EDGE SINGAPORE

Property

This developer’s 8% gearing ratio and 0.34x P/NAV is attractive to its chairman

Two properties companies are trading at 0.3 and 0.34 P/NAV. Which is a better privatisation candidate?

REITs

FLCT CEO Wallace to step down, successor to be appointed

Wallace joined what was then Australand Property Group in August 2007.
Mercatus divests 50% indirect stake in Nex for $652.5 mil - THE EDGE SINGAPORE

M&A

Mercatus divests 50% indirect stake in Nex for $652.5 mil

The stake was divested to Frasers Property and Frasers Centrepoint Trust.
Frasers Centrepoint Trust captures the suburban wave - THE EDGE SINGAPORE

SGX Research Series: 10 in 10

Frasers Centrepoint Trust captures the suburban wave

"We believe that we are well positioned to benefit from post-Covid lifestyle trends."

Bonds and treasuries

Emerging from a spooky October; bond vigilantes back to bite

There's further scope for corporate credit yields to rise.
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