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.

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%.