Frasers Centrepoint Trust - RHB Invest 2015-12-02: Twinkle Twinkle Northern Star
FRASERS CENTREPOINT TRUST J69U.SI Frasers Centrepoint Trust (FCT SP) - Twinkle Twinkle Northern Star
- We handpicked FCT as our Top BUY within the SREITs sector, as we admire its suburban resilience and strong growth potential in both the short and long term.
- Maintain BUY and DDM-derived SGD2.22 TP (20% upside).
- Given its strong retail dominance within Northern Singapore, we expect the REIT to register positive rental reversion for both CWP and NP, which constitute more than half of the total renewals in FY16.
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