Friday, 23 October 2015

Frasers Centrepoint Trust - CIMB Research 2015-10-22: Continues to deliver

Frasers Centrepoint Trust - CIMB Research 2015-10-22: Continues to deliverFRASERS 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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