Brokers' take

Frasers Property > Buy DBS Equity Research, March 21 March 22 close: S$1.77 Target price: S$1.98

WITH Frasers Property holding a controlling stake in PGIM Real Estate Asia Retail Fund, we believe this further reinforces our previous view that the larger strategic intent is unfolding.

Moreover, we remain positive that the assets within the fund form an attractive future pipeline - especially prized assets such as Tiong Bahru Plaza - for Frasers Centrepoint Trust (FCT) to acquire and bulk up its presence in Singapore.