FLT notches up first-day gain
Add BT as a preferred source
Singapore
THE second real estate investment trust (Reit) to list on the Singapore Exchange this year has done better than the first, though the bar was not that high to begin with.
Australian industrial property landlord Frasers Logistics & Industrial Trust (FLT) closed at S$0.91 after making its trading debut on Tuesday morning - two Singapore cents or 2.2 per cent above its initial public offering (IPO) price of S$0.89.
TRENDING NOW
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
