Blog Post  Here’s the reason Frasers Logistics stays one of OCBC’s best Stocks investment picks

SINGAPORE (Nov 6): OCBC Stock Investment Research is keeping its “purchase” approach Frasers Logistics and Industrial Trust (FLT) and raising its reasonable esteem gauge to $1.25, from $1.22 already.

FLT “stays as one of our best picks,” says OCBC lead examiner Andy Wong Teck Ching in a give an account of Nov 3.

This comes after FLT posted a 4Q conveyance for each unit (DPU) of 1.77 pennies, beating its IPO estimate by 8.6%. This brings FY17 DPU to 8.85 pennies, 6.1% higher than gauge.

Net income and balanced net property salary of A$42.2 million ($44.1 million) and A$32.3 million were 4.8% and 4.7% y-o-y higher than its IPO estimate, separately.

“This was to a great extent driven by inorganic development as administration had effectively sought after acquisitions since its posting,” says Wong.

The examiner noticed that FLT kept ...

Read the full post on mmfsolutions

sgx:buou sgx:bwqu



1052 days ago


470 times


1052 days ago



Request to Follow

Your Reply

Please login to post