Brokers' take

Frasers Property Group > Buy DBS Group Research, April 13

THE Frasers Group is blooming with several catalysts to drive the respective stocks higher, as we learnt from hosting Frasers Property Limited (FPL) and its stable of Reits in Seoul.

These include the expected upturn in the Singapore residential market for FPL and the potential recycling of retail, industrial and business park assets to its Reits. These potential distribution per unit (DPU)-accretive transactions for FPL's Reits are not only expected to accelerate the growth profile but the higher growth outlook should mitigate the impact of rising interest rates which is a common investor concern.