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Frasers Centrepoint ( (SG:J69U) ) just unveiled an announcement.
The trust’s manager disclosed a S$120 million amended green revolving credit facility with DBS Bank that carries change-of-control and manager continuity clauses, obliging prepayment if Frasers Property’s control or the approved manager shifts without consent. No trigger events have occurred, but any breach could cascade into about S$2.7 billion of other borrowings, underscoring the importance of maintaining current governance structures to protect liquidity headroom.
The most recent analyst rating on (SG:J69U) stock is a Buy with a S$2.74 price target. To see the full list of analyst forecasts on Frasers Centrepoint stock, see the SG:J69U Stock Forecast page.
More about Frasers Centrepoint
Frasers Centrepoint Trust, a Singapore-listed retail real estate investment trust managed by Frasers Centrepoint Asset Management, owns suburban malls catering to daily-needs shopping in key heartland districts.
Average Trading Volume: 4,663,020
Technical Sentiment Signal: Buy
Current Market Cap: S$4.54B
For a thorough assessment of J69U stock, go to TipRanks’ Stock Analysis page.