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 ...



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