FRASERS CENTREPOINT TRUST J69U.SI
Frasers Centrepoint Trust - Continues to deliver
- 4QFY15 DPU grew 2.7% yoy, led by higher rental revenue and lower financing costs.
- Portfolio occupancy remains high at 96%.
- Increasing shopper traffic and rising tenant sales underpin ability to grow rents
- Northpoint AEI to commence in Mar 2016.
- Maintain Add, with DDM-based target price of S$2.22 .
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