Analyst Darren Chan of Phillip Securities maintained a Buy rating on Frasers Centrepoint, with a price target of S$2.74.
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Darren Chan has given his Buy rating due to a combination of factors including the positive rental reversions and strong financial performance of Frasers Centrepoint. The company’s distribution per unit (DPU) for the second half of 2025 and the full fiscal year 2025 showed an increase, aligning with expectations and driven by contributions from acquisitions and asset enhancements. Despite a slight dip in occupancy due to tenant exits, the overall performance was bolstered by healthy shopper traffic and tenant sales growth.
Additionally, the company’s financial stability is underscored by a reduction in the average cost of debt and improved leverage ratios. The strategic refinancing of loans and issuance of perpetual securities have further strengthened its financial position. The company’s suburban mall portfolio, anchored by essential services, continues to demonstrate resilience, making it a top pick in the retail sub-sector. These factors, combined with a favorable outlook for rental reversions and stable portfolio valuations, support the Buy recommendation.
In another report released yesterday, TR | OpenAI – 4o also upgraded the stock to a Buy with a S$3.00 price target.