Brokers' take

Frasers Logistics & Industrial Trust | Buy Fair value: S$1.21 May 9 close: S$1.05 OCBC Investment Research, May 9

Frasers Logistics & Industrial Trust's second-quarter results came in within our expectations.

Distribution per unit in Singapore dollar terms grew by 3.4 per cent year-on-year to 1.81 Singapore cents, owing to a currency hedge rate of A$1 to S$1.0647 that Frasers Logistics & Industrial Trust entered into, against a rate of A$1 to S$1.0014 in the same period the year before.