Frasers Commercial Trust raised to "add", target lifted to $1.60 by CIMB

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

Research House: CIMB

Price Call: BUY

Target Price: 1.60

SINGAPORE (April 28): CIMB has upgraded Frasers Commercial Trust (FCOT) to "add" from "hold" and bumped up its price target to $1.60 from $1.56, saying the REIT's move to monetise part of its China Square Central property will bode well for rental income.