FrasersCT Updated Target Price following Q1 2011 result release

FrasersCT Updated Target Price following Q1 2011 result release:

Brokerage	Recommendation	Target Price (S$)	Date
DMG	BUY	1.73	25/04/11
OCBC	HOLD	1.57	21/04/11
CIMB	OUTPERFORM	1.86	25/04/11

 

Latest updates at Stock Target Price.

Related Posts

• FrasersCT Q1 2011 Quarterly Earnings Report

FrasersCT Q1 2011 Quarterly Earnings Report

FrasersCT Q1 2011 Quarterly Earnings Report:

• Press Release
• Financial Statements
• Presentation Slides

Key Points

• DPU of 2.07 cents for the reporting quarter.
• 2Q11 gross revenue rose 2% y-on-y to $28.8 million, bolstered by higher revenue contributions from Northpoint and YewTee Point. 2Q11 net property income dipped slightly to $20.1 million, as Causeway Point income was affected by on-going refurbishment works.
• Portfolio occupancy declined to 83% as at 31 March 2011, pulled down by lower occupancy at Causeway Point. The other malls in the portfolio continue to maintain close to full occupancy.
• The Books will close from 5pm on 3 May 2011 for the purpose of determining Unitholders’ entitlement to the distribution. 
• The distribution will be paid on 30 May 2011.
• NAV per unit of $1.28 as at 31 Mar 2011.
• Gearing of 31.2% as at 31 Mar 2011.

Author's Note
The DPU for the reporting quarter is 2.07 cents and will be paid on 30 May 2011. Books closure is on 3 May 2011.

The DPU was 1.95 cents in the previous quarter.

Related Posts

• Results Release 
• DPU Information Page 
• FCT Q3 2010 Quarterly Earnings Report 
• FrasersCT Q4 2010 Quarterly Earnings Report

FrasersCT - Date of Result Release for Q1 2011

Updated date of Result Release for Q1 2011:

FrasersCT APR 26(AM)

Latest Update at Results Release.

CDL H-Trust, Plife, FCT, CacheLog, MapletreeLog Updated Target Price by DBS

CDL H-Trust, Plife, FCT, CacheLog, MapletreeLog Updated Target Price by DBS:

REIT	Brokerage	Recommendation	Target Price (S$)	Date
CDL H-Trust	DBS	BUY	2.300	09/03/11
MapletreeLog	DBS	BUY	1.070	09/03/11
FCT	DBS	BUY	1.730	09/03/11
Plife	DBS	BUY	1.900	09/03/11
CacheLog	DBS	BUY	1.110	09/03/11

Latest updates at Stock Target Price.

FrasersCT Q4 2010 Quarterly Earnings Report

FrasersCT Q4 2010 Quarterly Earnings Report:

• Press Release
• Financial Statements
• Presentation Slides

Key Points

• DPU of 1.95 cents for the reporting quarter from 1 Oct to 31 Dec 2010.
• Gross revenue for the quarter grew 19% y-on-y to $27.6 million, aided by the accretive acquisitions of Northpoint 2 and YewTee Point. Net property income for the quarter similarly rose 17% y-on-y to $18.6 million, even though Causeway Point income was affected by planned refurbishment  works.
• Portfolio occupancy level stands at 92% as at 31 December 2010, as Causeway Point occupancy dipped to 86%. The other malls in the portfolio continue to maintain close to full occupancy.
• In November 2010, FCT signed an agreement with DBS Bank, OCBC Bank and Standard Chartered Bank for a $264 million secured five-year loan facility. FCT intends to use the facility to pay down a $260 million debt expiring in July 2011.
• The Books will close from 5pm on 1 Feb 2011 for the purpose of determining Unitholders’ entitlement to the distribution. 
• The distribution will be paid on 28 February 2011.
• NAV per unit of $1.28 as at 31 December 2010.
• Gearing of 30.6% as at 31 December 2010.

Author's Note
The DPU for the reporting quarter is 1.95 cents and will be paid on 28 February 2011. Books closure is on 1 Feb 2011.

The DPU was 2.16 cents in the previous quarter.

Related Posts

• Results Release 
• DPU Information Page 
• FCT Q3 2010 Quarterly Earnings Report

FrasersComm, FrasersCT - Date of Result Release for Q4 2010

Updated date of Result Release for Q4 2010:

FrasersCT   JAN 24

FrasersComm  JAN 26

Latest Update at Results Release.

Updated Target Price by DBS

Updated Target Price by DBS:

REIT	Brokerage	Recommendation	Target Price (S$)	Date
CacheLog	DBS Vickers	BUY	1.74	17/12/10
FrasersCT	DBS	BUY	1.11	17/12/10
MapleTreeLog	DBS Vickers	BUY	1.01	17/12/10
CDL H-Trust	DBS Vickers	BUY	2.28	17/12/10
CapitaMall	DBS Vickers	BUY	2.09	17/12/10
PLife	DBS Vickers	BUY	1.84	17/12/10
AscottReit	DBS Vickers	BUY	1.38	17/12/10

Latest updates at Stock Target Price.

Updated Target Price by OCBC for various Reits

Updated Target Price by OCBC:

REIT	Recommendation	Target Price (S$)	Date
AscendasReit	HOLD	2.210	10/12/10
AscottReit	BUY	1.380	10/12/10
CapitaComm	HOLD	1.520	10/12/10
CapitaMall	HOLD	2.050	10/12/10
FrasersComm	BUY	0.180	10/12/10
FrasersCT	HOLD	1.500	10/12/10
LippoMapleTrust	BUY	0.590	10/12/10
MapleTreeLog	BUY	1.000	10/12/10
Starhill Gbl	BUY	0.660	10/12/10
Suntec	HOLD	1.500	10/12/10

 
Latest updates at Stock Target Price.

FCT Updated Target Price following Q3 2010 result release

FCT Updated Target Price following Q3 2010 result release.

OCBC	HOLD	S$1.55	26/10/10
DMG	BUY	S$1.66	27/10/10
DBS Vickers	BUY	S$1.74	27/10/10

Latest updates at Stock Target Price.

Related Posts
FCT Q3 2010 Quarterly Earnings Report

FCT Q3 2010 Quarterly Earnings Report

Q3 2010 results for FCT:

• Press Release
• Financial Statements
• Presentation Slides

Key Points

• DPU for the reporting quarter is 2.16 cents. 
• FY2010 gross revenue grew 32% y-on-y to a record high of $114.7 million. Gross revenue was boosted by the accretive acquisitions of Northpoint 2 and YewTee Point, and the successful revamp of Northpoint 1.
• Portfolio occupancy level remained high at 98.1% as at 30 September 2010, in spite of the on-going refurbishment of Causeway Point.
• Total assets grew 30% y-on-y to $1,516 million as at 30 September 2010, driven largely by new acquisitions. 
• FCT recognised revaluation surplus of $42.5 million in FY2010, with all properties recording higher valuations.
• Gearing ratio was 30.3% as at 30 September 2010.
• NAV per unit was $1.293 as at 30 September 2010.
• The Books will close from 5pm on 1 November 2010 for the purpose of determining Unitholders’ entitlement to the distribution. 
• The distribution will be paid on 29 November 2010. 

Author's Note
The DPU of 2.16 cents will be paid on 29 Nov 2010. Books closure is on 1 Nov 2010.

DPU was 2.07 cents in the previous quarter.

Starhill Global, FCT - Date of Result Release for Q3 2010

Updated date of Result Release for Q3 2010:
Starhill Global    Oct 26
FCT      Oct 26 (AM)

Latest Update at Results Release.

Updated Target Price for Ascott Reit, CapitaMall Trust, FrasersCT, LippoMapleTrust, MapletreeLog, Starhill Global, SUNTEC Reit by OCBC

Updated Target Price by OCBC:

AscottReit	BUY	S$1.33	30/09/10
CapitaMall	HOLD	S$2.01	30/09/10
FrasersCT	HOLD	S$1.49	30/09/10
LippoMapleTrust	BUY	S$0.52	30/09/10
MapleTreeLog	BUY	S$0.90	30/09/10
Starhill Gbl	BUY	S$0.65	30/09/10
Suntec	HOLD	S$1.44	30/09/10

Latest updates at Stock Target Price.

Stock Target Price - Updated Target Price for FrasersCT following its 2Q 2010

Updated Target Price for FrasersCT following its 2Q 2010 Earnings Results:

DMG	BUY	S$1.66	26/07/10
CIMB	OUTPERFORM	S$1.84	26/07/10
DBS Vickers	BUY	S$1.66	26/07/10

Latest updates at Stock Target Price.

REIT Financial News - 23 JUL 2010 FCT commences $72 million upgrade of Causeway Point

Causeway Point commences $72 million upgrade. See press release. 

Key Points

• Refreshed mall to feature new retail offers and pro-family features.
• The AEI programme is expected to span 30 months, and net property income is targeted to increase by 22% to $51.5 million. 
• The capital expenditure is estimated at $72 million, which delivers a return on investment of 13% based on the incremental net property income.
  
  

REIT Financial News - Q2 2010 Quarterly Earnings Report for FCT

Second quarter 2010 results for Frasers Centrepoint Trust:

• Press Release
• Financial Statements
• Presentation Slides

Key Points

• DPU for 2Q 2010 is 2.07 cents.
• The book closure date is Monday, 2 August 2010 and the distribution payment date is Friday, 27 August 2010.
• Record 3Q10 (1 April to 30 June 2010 period) income available for distribution of $16.3 million, which represents an increase of 35% from the same period last year.
• FCT’s 3Q10 gross revenue grew 45% y-on-y to $30.7 million, aided by contributions from Northpoint 2 and YewTee Point, and a strong recovery in Northpoint’s performance post completion of enhancement works. 
• Net property income similarly grew 46% y-on-y to $21.5 million. 
• FCT’s 3Q10 distribution per unit rose 7% y-on-y to 2.07¢, with $0.4 million of 3Q10 income being retained for distribution in the fourth quarter of FY2010.
• Portfolio occupancy was 99% as at 30 June 2010.

Author's Note
The quarterly DPU for 2Q 2010 of 2.07 cents will be paid on 27 Aug 2010, with the book closure date on 2 Aug 2010.

The DPU was 2.06 cents for the previous quarter.

Stock Target Price - Updated Target Price for Ascendas Reit, Ascott Reit, Capitacomm, CapitaMall Trust, FrasersCT, LippoMapleTrust, MapletreeLog, Starhill Global, SUNTEC Reit by OCBC

Updated Target Price and Recommendation by OCBC:

Ascendas Reit HOLD S$1.85
Ascott Reit BUY S$1.32
Capitacomm HOLD S$1.26
CapitaMall Trust BUY S$1.95
FrasersCT BUY S$1.50
LippoMapleTrust BUY S$0.55
MapletreeLog BUY S$0.84
Starhill Global BUY S$0.65
SUNTEC Reit BUY S$1.44

Latest updates at Stock Target Price.

Stock Target Price - Updated Target Price for FCT by OCBC

Updated Target Price of Frasers Centrepoint Trust:

OCBC BUY S$1.50

Latest updates at Stock Target Price.

Stock Target Price - Updated Target Price by DMG for CCT, FCT, CDLHT, Cambridge

Reiteration of Target Price by DMG:

CDLHT BUY S$2.30
CCT NEUTRAL S$2.30
FCT BUY S$1.66
Cambridge BUY S$0.64


Latest updates at Stock Target Price.

Stock Target Price - Updated Target Price for Ascendas Reit, Ascott Reit, Capitacomm, CapitaMall Trust, FrasersCT, LippoMapleTrust, MapletreeLog, SUNTEC Reit by OCBC

Updated Target Price and Recommendation by OCBC:

Ascendas Reit HOLD S$1.85
Ascott Reit BUY S$1.32
Capitacomm BUY S$1.26
CapitaMall Trust HOLD S$1.93
FrasersCT BUY S$1.50
LippoMapleTrust BUY S$0.55
MapletreeLog BUY S$0.93
SUNTEC Reit BUY S$1.44

Latest updates at Stock Target Price.

Stock Target Price - Updated Target Price for FCT by DMG following Q1 2010 results

Updated Target Price and Recommendation for Frasers Centrepoint Trust following release of Q1 2010 results:


DMG BUY S$1.66

Latest updates at Stock Target Price.