Frasers L&C Tr - I think good price is back! Yield of 6.2%, gearing 28.6%.
She is being pushed down to an oversold territory! At 1.18, yearly dividend is about 7.29 cents, yield is about 6.2% .
I think current weakness in price could be due to AUD ex.rate is weakening against SGD.
Plus higher Operations costs that is eating into the distribution income. But with higher rental reversion hope can cover some of these operations costs.
NAV 1.276.
She is hovering at the support level of 1.17.
Next support is at 1.13.
Not a call to buy or sell!
Please dyodd.
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