Thursday, January 6, 2022

Added: Frasers Centrepoint Trust (Jan 2022)


Bought 25,000 shares of Frasers Centrepoint Trust (FCT) at $2.28 on 6 Jan.

This bring my total number of FCT shares to 29,100.

Reason for buying:

1) Pure play King of Suburban retail mall

With MCT merging with MNACT to become MPACT and CapitaLand Integrated Commercial Trust (CICT), we only have very limited pure play good quality Singapore retail REIT left.

Out of the 9 properties, Changi City Point is the only concern property given its location rely on Singapore Expo and Changi Business Park. 

2) Dividend 5.3%

3) PB 1

4) Last mile requirement = Resilient

5) Living with COVID 

WFH partially will be the new norms and with high vaccination rate, it is unlikely we will go into lockdown mode. Singaporean love F&B and the aircon in retail mall. 

Related post:

1) Added: Frasers Centrepoint Trust (Sep 2021)

2) My thoughts on MCT (Ketchup) x MNACT (Chili) = MPACT (Nacho cheese)

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