Frasers Centrepoint Trust's Risk-Reward for Investors Turning Favorable -- Market Talk

Dow Jones
01-24

0552 GMT - Frasers Centrepoint Trust's risk-reward for investors is turning favorable, RHB Research's Vijay Natarajan says in a research report, as RHB raises the unit's rating to buy from neutral with an unchanged target price of S$2.35. The REIT's asset enhancement initiative for its Hougang mall in Singapore will begin in calendar 2Q 2025, with the mall's net lettable area expected to increase by around 11,000 square feet, the analyst notes. Another AEI potential includes the REIT's NEX mall, for which negotiations are currently ongoing. The REIT also guided that rental changes remain healthy and are tracking closer to fiscal 2024's 7.7%, the analyst says. Units are 0.9% higher at S$2.14. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

January 24, 2025 00:52 ET (05:52 GMT)

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