The Business Times
business-time-50
SUBSCRIBERS

Frasers Centrepoint Trust expected to join STI in March review

google-preferred-sourceAdd BT as a preferred source

Navene Elangovan

Published Mon, Feb 26, 2024 · 05:00 AM
    • Analysts note that Frasers Centrepoint Trust, which has suburban malls such as Northpoint City North Wing in its portfolio, can be included in the benchmark index given its high market capitalisation.
    • Analysts note that Frasers Centrepoint Trust, which has suburban malls such as Northpoint City North Wing in its portfolio, can be included in the benchmark index given its high market capitalisation. PHOTO: FRASERS CENTREPOINT TRUST

    THE king of heartland malls could earn a place on the Straits Times Index (STI) at the next quarterly review in March.

    Analysts said that they expect Frasers Centrepoint Trust (FCT) to be included in the benchmark index in the upcoming review given its high market capitalisation.

    The trust has nine retail properties in its portfolio, of which most are suburban malls such as Northpoint City North Wing in Yishun and Nex in Serangoon.

    frasers centrepoint trustStraits Times IndexDFI Retail Groupemperador

    TRENDING NOW

    When Singapore tightens its building codes or introduces new heat-mitigation standards for migrant workers, it also fosters the development of high-value IP.

    Singapore is showing why cooling is the next investment asset

    Beyond structural portfolio shifts, the study highlighted paradoxes regarding intergenerational wealth planning and succession.

    Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study

    The bungalow's transacted price works out to about S$3,169 psf on the freehold land area of 23,979 sq ft.

    Shanda co-founder sells Tanglin Hill bungalow for S$76 million

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More