Monday, November 20, 2023

Frasers L&C Tr - Wah, recovering back to 1.13 free dividend collected and likely to rise up further towards 1.21! Huat ah!

Chart wise, bullish mode!

She has managed to rebound from the low of 1.00 and is now trading at 1.13 level looks rather positive! 

I think likely to rise up further to test 1.21!

Pls dyodd.

Frasers L&C Tr  - 4th quarter results is out! Gross Revenue is down 0.8% to 212.8m. NpI is down 4% to 155.5m. DpU is down 6.6% to 3.52 cents, Financial costs is up 29.7% to 25m.  

Gearing 30.2%. Fixed Loan rate of 77.2%.

Occupancy rate is 96%.

Rental reversion of +18%.

Full Year dpu is down 7.6% to 7.04 cents.

I think the weaker sets of Results is due to high financial costs and forex exchange loss.

Pls dyodd. 

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