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Brokers' take

Published Tue, Jul 21, 2015 · 09:50 PM

Frasers Commercial Trust | Buy

July 21 close: S$1.55

Target price: S$1.76

DBS Group Research, July 21

Q3 2015 distribution per unit was up 7 per cent to 2.35 Singapore cents; the results are in line.

Performance was largely supported by Alexandra Technopark, which continues to roar ahead after the expiry of the master lease in Aug 2014.

While the manager employs 6-9 month rolling currency hedges to smooth out fluctuations in the AUD/SGD …

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