Frasers Commercial Trust held at 'buy' by OCBC with higher target price of $1.50

Stock Name: Frasers Com Tr
Company Name: FRASERS COMMERCIAL TRUST

Research House: OCBC

Price Call: BUY

Target Price: 1.50

SINGAPORE (Oct 123): OCBC Investment Research has maintained its "buy" call on Frasers Commercial Trust (FCOT) and upgraded its fair value of the stock from $1.48 to $1.50.

In an Oct 23 report, OCBC says FCOT's 4QFY14 results came in within its expectations.

Gross revenue grew 10.5% to $31.8 million from a year ago, while DPU of 2.21 cents represented an increase of 6.2%.