Sell @ $1.83, $1.835
Contra off my recent ones @ $1.83 and Jump-Q at 5pm to sell some older ones. With my addition of FCOT to my portfolio, I decided not to have too many FCT. Treat it as a switch ie REIT-for-REIT, Fraser-for-Fraser (same ultimate boss). FCOT has slightly better Yield, NAV discount but poorer Gearing (DBSV estimates FCT Gearing to go up to 32.5% after Changi Point acquisition),
|
REIT |
Price |
Yield |
Gearing |
NAV |
Remarks |
|
|
FrasersComm |
$ 1.295 |
6.417% |
37.8% |
$ 1.550 |
-16.5% |
Alexandra Pt Master Lease Up for Renewal in Aug |
|
FrasersCT |
$ 1.825 |
6.142% |
27.7% |
$ 1.780 |
2.5% |
Proposed Acquisition of Changi Point Likely Funded by Debts + Private Placement |