TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Frasers Centrepoint ( (SG:J69U) ) has shared an announcement.
Frasers Centrepoint Trust has entered into a significant S$480 million loan facility agreement with HSBC Institutional Trust Services and other financial institutions. The agreement includes conditions related to the management and shareholding structure of the company, with mandatory prepayment required if certain changes occur. This move underscores the company’s strategic financial management and its implications for maintaining control and stability in its operations.
The most recent analyst rating on (SG:J69U) stock is a Buy with a S$2.68 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, managed by Frasers Centrepoint Asset Management Ltd., operates in the real estate investment sector in Singapore. It focuses on retail properties and is part of the larger Frasers Property Limited group.
YTD Price Performance: 7.14%
Average Trading Volume: 6,566,155
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$4.43B
Learn more about J69U stock on TipRanks’ Stock Analysis page.