Frasers Property shareholders raise questions on gearing and emerging market strategies
It will continue pursuing risk-adjusted returns and divest assets ‘at the right time, at the right value’: group CEO Panote Sirivadhanabhakdi
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
FRASERS Property is placing a sharper focus on capital efficiency as the group seeks to reduce its gearing to a more comfortable range.
Addressing several questions from shareholders at the annual general meeting (AGM) on Thursday (Jan 16), group chief executive officer Panote Sirivadhanabhakdi said that the group has been aware since Covid-19 of the need to reduce the total amount of debt it has.
However, he recognised that real estate was a “lumpy” industry and the group “never expected interest rates to rise significantly in a short period of time”.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
