Frasers Cpt Tr - Wow! She is up 5 cents to close well at 2.16, seems like results is out on 25th April might be good! Likely to rise up to test 2.20!
Pls dyodd.
Frasers Cpt Tr - She is trading at 2.11, yield is 5.7 percent for this rare local retail reit that is trading at an attractive price level!
NAV 2.31, Gearing below 40 percent, Results is out on 24th April, dividend is coming! Do take note!
Frasers Cpt Tr (FCT) - One of the rare local neighborhood retail mall reit that you wouldnt want to miss out especially for investing in reit! Yield is about 5.5 percent, NAV 2.31, Gearing is below 40 percent. I think great sales is still here ! Do take note!
She will be releasing her results on 25th April! Dividend of about 1.85 to 1.9 cents is coming after minusing put the advance DPU being paid out due to the Private placement for the acquisition of NEX up till 50%.
Let's see how it fares for the dpu with the completion of this new acquisition!
During Bull market she used to be trading at 2.65 to 3.00.
Pls dyodd.
FCT (Frasers Cpt Tr) - Nibbled a bit at 2.17 after locked in profit for KDC! At 2.17 yield is about 5.55 percent seem quite a good yield!
Dividend just credited today, awesome!
FCT : Frasers Cpt Tr - Went there for dinner, very crowded! Very good traffic crowds plus business for FCT. At 2.20, yield is about 5.5 percent, seem quite good !
Today went to NEX at Serangoon to do some errands like duplicating the keys at 4th floor- Shoes & Keys at 4th floor. $4 per key not too bad! Bought some breads and saw the Japanese food fair at 1st level.
Bought some pan cakes and nice strawberries.
Frasers Cpt Tr - On Monday she will included on the STI index component stocks counter likely to see some buying activities! At 2.18, yield is at about 5.5 percent of which I think is quite a good yield. One of the rare local retail mall reit not too miss out! Pls dyodd.
Frasers Cpt Tr - SHE IS TRADING at quite a nice Yield level of about 5.49 percent at 2.20. Estimating yearly dividend od 12.07 cents. NaV 2.311, Gearing is below 40 percent looks like a good pivot point to monitor and buy on further weakness! Pls dyodd.
On 18th March FCT will be included on the STI components index , likely to see some buying activities when trading near the actual date!
Immediate support is at 2.15. Next support is at 2.10 and 2.00.
Do take note!
Yesterday had my dinner at one of the FCT mall , nice! Lai ah, Jiak!
Get more juicy dividend and continue to support their mall. Awesome!
Private placement price of 2.18.
Advance DPU of 4.25 cents, XD 1st February.
FCT - She has managed to reclaim 2.30 and trading at 2.31 to 2.32 is rather bullish! Likely to continue to trend higher!
Pls dyodd.
*Frasers Cpt Trust*
— Strong operating performance: Retail Portfolio committed occupancy' at 99.9%, up 1.5%-pt y-o-y and up 0.2%-pt q-0-q
— Aggregate leverage 37.2% as at 31 Dec 2023, down from 39.3% as at 30 Se 23
— 1Q24 all-in cost of borrowing at 4.3% (4Q23: 4.1%)
Chart wise, let's see if she can rise up to reclaim 2.30 level in order to continue this uptrend direction!
Pls dyodd.
Full Year results is out!
Gross Revenue is up 1.8% to 184m.
NPI is up 1.1% to 129m.
DPU is down marginally 1.2% to 6.02 cents versus 6.09 cents last year!
Gearing is 39.3%.
Gearing is expected to go down to 36.1% upon completion of divestment of Changi City Point.
The Average costs of borrowing is 3.8% Slightly higher than last year 3.7%.
Occupancy is 99%.
Please dyodd.
Wah, she is having a nice rebound today up 6 cents to 2.15 looks rather encouraging!
The volume isn't that high!
Let's monitor and see if it will continue to trend higher towards 2.20 and above!
Results is due on 25th October.
Pls dyodd.
The selling down has been too drastic!
At 2.06, yield is 5.92% for this retail reit counter that is fundamentally sound of which I think golden opportunity is here!
Chart wise, it may well go down to revisit 2.00.
next support is at 1.89-1.90.
Not a call to buy or sell!
Please dyodd.
Divestment of the Changi Mall at 338M , Citi Analyst upgrade to buy with a price target of 2.51, Awesome!
Quote :
Citi Research analyst Brandon Lee has upgraded his call on FCT to “buy” given its improved gearing to 37.1%, making the REIT the lowest-geared retail Singapore REIT (S-REIT) among the REITs within his coverage.
FCT’s move will also give it sufficient debt headroom to make potential acquisitions that are accretive to its distribution per unit (DPU), Lee adds.
The recovery of retail revenue after Covid-19 is also another plus for FCT in the analyst’s book.
With all that in mind, Lee has increased his target price to $2.51 from $2.30. His new target price has an implied P/B of 1.08x in-line with FCT’s five-year pre-Covid-19 mean of 1.09x.
Chart wise, bullish mode!
A nice breakout of 2.26 smoothly plus good volume that may likely drive the price higher towards 2.30 than 2.35 and above!
NAV 2.32. Yearly Dividend is about 12.2 cents. Yield is about 5.44% at 2.24. I think gd price level to monitor.
Please dyodd.
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