Friday, October 9, 2020

Added: Frasers Centrepoint Trust

 


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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