Brokers' take
Frasers Centrepoint Trust | Buy Target price: S$2.48 Jan 24 close: S$2.31 DBS Group Research, Jan 24
We raised our rental growth assumptions at key assets over the next few years, and we lifted the target price by 4.7 per cent as a result.
We are more optimistic than the street as we are forecasting a 7 per cent increase in distribution per unit (DPU) in 2018, against the consensus of 2.5 per cent, as Northpoint returns to full operations; and annual DPU growth of around 4 per cent to 5 per cent in the next couple of years, whereas consensus believes DPU will stay flat.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Former PAP MP, minister of state retire as company directors
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly
HCA beats first-quarter profit estimates on higher patient admissions
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses