Wah, today reported a nice set of FY results which saw 2nd half dpu increased to 6.089 cents, an improvement of 39.3%.
Gross revenue was up 159.9 per cent to S$167.5 million for the half-year period, from S$64.5 million in the previous year.
XD 4TH August. Pay date 9 Sept. The improved full-year financial performance is attributed to the acquisition of its remaining 63.1 per cent stake in AsiaRetail Fund and lower rental rebates granted to tenants this year, FCT's manager said in a bourse filing on Wednesday (Oct 27).
Net property income (NPI) grew 213.2 per cent on year to S$120.9 million for the half year, from S$38.6 million.
Distributable income rose 243.9 per cent on year to S$103.6 million, from S$30.1 million.
Chart wise, bullish mode!
Likely to continue to trend higher!
XD 4TH August. Pay date 9 Sept.
Short term wise, I think likely to rise up to retest 2.39/2.40!
A nice breakout smoothly plus good volume that may likely drive the price higher towards 2.43 & 2.50.
Not a call to buy or sell.
Pls dyodd.
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