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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.