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Frasers Centrepoint ( (SG:J69U) ) has issued an announcement.
Frasers Centrepoint Trust announced that it has obtained a tax ruling from the Inland Revenue Authority of Singapore, classifying its S$200 million subordinated perpetual securities as ‘debt securities’ for tax purposes. This classification allows the distributions on these securities to be treated as interest payments, potentially impacting the trust’s financial strategy and offering benefits to its stakeholders.
The most recent analyst rating on (SG:J69U) stock is a Hold with a S$2.50 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 is a real estate investment trust based in Singapore, managed by Frasers Centrepoint Asset Management Ltd. The trust focuses on retail properties and operates under a multicurrency debt issuance programme.
YTD Price Performance: 13.40%
Average Trading Volume: 4,798,511
Technical Sentiment Signal: Buy
Current Market Cap: S$4.6B
See more insights into J69U stock on TipRanks’ Stock Analysis page.