Singapore's Easing of Covid Curbs Bodes Well for Frasers Centrepoint -- Market Talk

Dow Jones2022-04-27

0258 GMT - Frasers Centrepoint Trust is likely to benefit from the recovery of Singapore's retail sector as the country relaxes Covid-era restrictions, Citi analyst Brandon Lee writes in a note. The removal of limits on group sizes in restaurants on April 26 is likely to boost food-and-beverage sales, and the overall performance for Singapore's retail holdings could brighten as people return to offices and due to relaxed travel rules. This bodes well for the real-estate investment trust's earnings as food-and-beverage outlets contribute to 37.5% of its income, Citi notes. The U.S. investment bank keeps a neutral rating and S$2.45 target on the trust. Units rise 0.4% to S$2.45. (yiwei.wong@wsj.com)

$(END)$ Dow Jones Newswires

April 26, 2022 22:58 ET (02:58 GMT)

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The ...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"J69U.SI","symbol_name":"星狮地产信托","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2230584439","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2230584439","pubTimestamp":1651028280,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0258 GMT - Frasers Centrepoint Trust is likely to benefit from the recovery of Singapore's retail se","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"J69U.SI":"星狮地产信托","BK6011":"零售业房地产投资信托","BK6512":"房地产股"},"translate_title":"新加坡放松Covid限制对弗雷泽中心点市场谈判来说是个好兆头","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"END":1,"J69U.SI":0.9},"content_text":"0258 GMT - Frasers Centrepoint Trust is likely to benefit from the recovery of Singapore's retail sector as the country relaxes Covid-era restrictions, Citi analyst Brandon Lee writes in a note. 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