Equity Analysis /
Singapore

SG : Frasers Centrepoint Trust - Recovery on track

    Munyee Lock
    Munyee Lock

    Head of Regional Property

    CGS-CIMB
    27 April 2022
    Published by

    1HFY9/22 DPU of 6.136 Scts is within expectations at 50.5% of our FY22F forecast. Retail portfolio occupancy rose to 97.8%; achieved rental reversion of 1.73%. Reiterate Add rating with a slightly higher TP of S$2.75.