Wednesday, September 14, 2022

Added Frasers Centrepoint Trust


Frasers Centrepoint Trust (FCT) has recently increased its stake in Waterway Point by 10% for S$132.3m with debt and internal funding.

My order of 5,000 shares of FCT at $2.26 was filled end of today after weakness in share price due to Wall Street greatest plunge in 2 years, on the back of hot inflation reports stirring growing fears of more interest rate hikes to combat unabating inflation.

At $2.26, FCT is trading below its net asset value of $2.30 and yielding more than 5%. It is hard to find a high quality resilient Reit below NAV this days.

FCT has been on my watchlist to grow my SGX income portfolio. It will be paying its 1H 2022 dividends (>6 cents per share hopefully) in Nov 22 soon.

My recent visits to Northpoint City owned by FCT has been encouraged by great retail crowd, strong retail sales, high tenancy and more efficient usage of atrium spaces for sales events.

I believe it is a no brainer to add FCT for long-term investment albeit the short-term volatility. 

Thanks for reading.

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With love & peace,


Hello World said...

Definitely one of the better Singapore-focused REITs. I'm planning to add to my current holdings as well. I really hope they remain Singapore focused and don't do silly things like add China shopping malls to their portfolio [Mapletree Commercial Trust... sigh]

Qiongster said...

Agreed. Hope FCT manage to acquire the Mercatus basket of local malls and let us have preferential offer to raise funds again