Investment Thesis Maintain BUY and TP of S$3.00. In the face of retail headwinds, we remain convinced that FCT's portfolio of suburban malls is well-anchored against the recent tightening measures. Fears of rental relief impact have shrouded the retail REITs sector, though downside risks may have been over-estimated. We adjust our DPU down by 4% […]

Read more of this post