Bought 30,000 Frasers Centrepoint Trust (FCT) shares at $2.34 on 8 Oct.
Reasons for buying:
1) King of Suburban retail mall
2) DPU Accretive
3) Buy price $2.34 lower than Private Placement price of $2.35
4) $4.7m save on tax = More Income available for distribution
5) Membership is a volume game
6) Tenant Sales almost back to Pre-COVID level
7) Potential higher tenants sales = Higher rental reversion due to last-mile requirement
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