Equity Analysis /
Singapore

SG : Frasers Property Limited - Better showing from hospitality and Vietnam

    Munyee Lock
    Munyee Lock

    Head of Regional Property

    CGS-CIMB
    16 May 2022
    Published by

    1HFY22 PATMI (before perpetuals) of S$158.2m, was broadly in line at 55.4% of our FY22 forecast. Higher unbilled residential revenue of S$2.4bn at end-1HFY22. Reiterate Add with an unchanged TP of S$1.41.