jiewei
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*Official* Frasers Centrepoint Limited Retail Bond
- Thread starter teckgamer
- Start date
using GAGT
Asphodeli
Arch-Supremacy Member
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- Jul 8, 2001
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Have you signed up for Direct Crediting? Think CDP will send you a cheque if you haven't.
received same day as MapleLog and Starhub dividends....
Broker's Report
Frasers Centrepoint Trust kept at ‘buy’ by OCBC with $2.25 fair value
By PC Lee / theedgemarkets.com | December 2, 2015 : 1:31 PM MYT
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SINGAPORE (Dec 2): OCBC ( Valuation: 2.55, Fundamental: 2.20) is maintaining a buy on Frasers Centrepoint Trust (FCT) ( Valuation: 1.70, Fundamental: 2.35) with a fair value of $2.25 as its recent share price weakness represents a good opportunity for investors to accumulate a quality stock with solid defensive attributes.
In a Wednesday report, lead analyst Andy Wong says one of the factors contributing to its recent share price correction could be worries over FCT’s possible entry into a new market.
During sponsor Frasers Centrepoint Limited’s (FCL) last analyst briefing, it was highlighted that there was a possibility for FCT to acquire assets in Australia.
FCL also announced in October that its Frasers Property Australia (FPA) arm would be launching a new retail business unit.
FPA has plans to grow its retail portfolio from A$300 million to A$1 billion ($309 million to $1.03 billion) in the next three to five years.
Wong however expects FCT to stay resilient during these uncertain times.
“During the Global Financial Crisis which took place from Dec 2007 (peak) to Jun 2009 (trough), FCT still managed to deliver y-o-y growth in its DPU every quarter ranging from 3.2% to 22.8%,” says Wong.
While occupancy suffered a blip in 4QFY08 (87.7%) and 1QFY09 (88.7%), this was largely due to asset enhancement works at Northpoint.
“We reiterate our BUY rating and $2.25 fair value estimate on FCT. The stock offers an attractive FY16F distribution yield of 6.4%. This is slightly more than one standard deviation above its 5-year average forward mean of 6.0%,” says Wong.
FCT is up 1.9% at $1.89.
Frasers Centrepoint Trust kept at ‘buy’ by OCBC with $2.25 fair value
By PC Lee / theedgemarkets.com | December 2, 2015 : 1:31 PM MYT
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language*▼
Share on facebookShare on twitter
SINGAPORE (Dec 2): OCBC ( Valuation: 2.55, Fundamental: 2.20) is maintaining a buy on Frasers Centrepoint Trust (FCT) ( Valuation: 1.70, Fundamental: 2.35) with a fair value of $2.25 as its recent share price weakness represents a good opportunity for investors to accumulate a quality stock with solid defensive attributes.
In a Wednesday report, lead analyst Andy Wong says one of the factors contributing to its recent share price correction could be worries over FCT’s possible entry into a new market.
During sponsor Frasers Centrepoint Limited’s (FCL) last analyst briefing, it was highlighted that there was a possibility for FCT to acquire assets in Australia.
FCL also announced in October that its Frasers Property Australia (FPA) arm would be launching a new retail business unit.
FPA has plans to grow its retail portfolio from A$300 million to A$1 billion ($309 million to $1.03 billion) in the next three to five years.
Wong however expects FCT to stay resilient during these uncertain times.
“During the Global Financial Crisis which took place from Dec 2007 (peak) to Jun 2009 (trough), FCT still managed to deliver y-o-y growth in its DPU every quarter ranging from 3.2% to 22.8%,” says Wong.
While occupancy suffered a blip in 4QFY08 (87.7%) and 1QFY09 (88.7%), this was largely due to asset enhancement works at Northpoint.
“We reiterate our BUY rating and $2.25 fair value estimate on FCT. The stock offers an attractive FY16F distribution yield of 6.4%. This is slightly more than one standard deviation above its 5-year average forward mean of 6.0%,” says Wong.
FCT is up 1.9% at $1.89.
sellbuyboy
Arch-Supremacy Member
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3.65 wor. Is the money coming back today?
According to the time ltable,yes it should be today. Both the principal and last coupon payment
sellbuyboy
Arch-Supremacy Member
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- Sep 3, 2007
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- 20,198
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- 637
wah.. good for those who can recycle the fund jit
Yes. That's the intent. Already saw the transaction in my CDP acct. Should see the money later this evening.
So fast? Mine not yet receive.
Yup after 7 years, time flies,Came home to motherland. Good boy. Now gonna to send away to Astrea land. Hopefully will come back safely.
Just check my account, money is credited.AXXZ coming to an end liao
Bye bye Frasers 3.65%! Thank you.
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