Frasers Property    Last:1.1    -0.01

Frasers Cpt

This share look promising now
* Frasers Hospitality share price and profit is recovering
* Frasers logistic share price and profit have also increased
*  Frasers property sales also improving
* Most impt, it might do the same as Capitaland then share price would shoot up
* P/BV is only 0.36
*  Results coming out 12th Nov 2021

 

useless counter with declining dividends since before start of COVID...

honesty      ( Date: 10-Oct-2021 15:08) Posted: this will be rising hgh with VTL travellers heading for a full service instead of more expensive hotels, accumulate soonest

 

this will be rising hgh with VTL travellers heading for a full service instead of more expensive hotels, accumulate soonest

 

Commentary from Maybank KE (26 Sep 2021)

The Group (Fraser Property) has a large REIT management role together with large property development division. It may Property likely face similar restructuring drivers as CapitaLand and Keppel Group, in our view.

Remarks : Starting to accumulate so vested. Sharing. Not enticement for anyone to buy or trade. Pls DYODD. 

 

 

Frasers Property prices S$200m notes due 2028 at 3%

FRASERS Property' s wholly-owned subsidiary on Thursday priced S$200 million of fixed-rate notes due 2028.

The notes bear a coupon rate of 3 per cent per annum and are payable semi-annually in arrear, Frasers Property said in a bourse filing.

They will be issued under the A$2 billion multicurrency debt issuance programme established by the subsidiary and guaranteed by Frasers Property in February 2020.

Net proceeds from the issue will be used to finance or refinance new or existing assets considered as green or sustainable projects according to the FPA Sustainable Finance Framework.

The property developer expects the notes to be issued on Sept 23. They will mature on Oct 9, 2029. OCBC is the sole lead manager for the notes.

 

 

Frasers Property' s Parc Greenwich EC sells 65 percent of units in launch weekend

Frasers Property' s Parc Greenwich executive condominium (EC) launch, which was jointly developed with CSC Land Group, sold 322 units, or 65 percent of the total 496 units, in its launch weekend, the property developer said in a filing to SGX Monday.

" We are encouraged by the strong response for our latest residential development, Parc Greenwich, which is District 28' s first EC launch since 2013. Homebuyers are attracted to the project' s comprehensive suite of facilities as well as high-quality attributes and fittings more commonly found in top-end private condominiums," Lorraine Shiow, acting chief operating officer for residential (Singapore) at Frasers Property Singapore, said in the statement.

" The development' s proximity to next-generation, vibrant commercial, digital and industrial hubs in Singapore' s northeast region is highly valued by homebuyers," she added.

An EC is a hybrid type of public-private housing in Singapore, offering amenities similar to condominiums, but with lower pricing because the land is subsidised the properties are subject to some of the same restrictions as public housing.

The Parc Greenwich will have nine residential towers of 14 storeys each unit sizes range from two bedroom to five bedrooms, and penthouse units are also available, the statement said. Pricing started from S$895,000 for a two-bedroom unit, while S$1.7 million was the starting level for five-bedroom units, Frasers Property said, adding the average sales price was around S$1,200 a square foot.

All two-bedroom and five-bedroom units were fully sold, and second-time buyers acquired 148 units, the full 30 percent quota that can be allocated to them, Frasers Property said.

The development, which is accessible from the Sengkang MRT station via the Fernavale Light Rail Transit, is expected to achieve its temporary occupation permit (TOP) in 2024, the statement said.

 

 

Frasers Property&rsquo s Parc Greenwich is best-selling Executive Condominium launch this year with 65% of units sold during first weekend  322 out of 496 units sold in the launch weekend  Units sold at an average price of about S$1,200 per square foot  Homebuyers are drawn to the residential development&rsquo s extensive suite of wellness-inspired facilities, surrounding amenities and location in the vicinity of Seletar Hills landed enclave in Singapore.

https://links.sgx.com/FileOpen/FPL%20SGX%20Announcement_Press%20Release.ashx?App=Announcement& FileID=683273

 

 

So cheap skate pay out so little dividend! Slash from 6.8 cents to 1'5 cents! I don't like the new mgmt..

tangsookiam1947      ( Date: 29-May-2021 18:36) Posted: as long as dividend does not incease back to 5 to 6 cents, share price will remain depressed Joelton      ( Date: 24-May-2021 09:19) Posted: Growing sustainably with Frasers' S-Reits FRASERS Property is one of Singapore' s largest property groups with S$39.2 billion in total assets as at March 31, 2021.   The group develops, owns and manages an integrated portfolio of properties across residential, hospitality, retail, commercial and business parks, and in industrial and logistics sectors across Asia, Australia, Europe, the Middle East and Africa, and China.   With a S$4.6 billion market capitalisation, Frasers Property is the sponsor of three SGX-listed trusts - Frasers Centrepoint Trust (FCT), Frasers Logistics & Commercial Trust (FLCT), and Frasers Hospitality Trust (FHT).   FLCT has 97 logistics, industrial and commercial properties across Australia, Singapore, Germany, the UK and the Netherlands.   The Reit achieved a record revenue of S$231.7 million and adjusted net property income (NPI) of S$173.9 million, representing increases of 95.1 per cent and 79.3 per cent year-on-year respectively in H1FY21, mainly from the merger with Frasers Commercial Trust last April.   It announced 3.80 cents in distribution per unit (DPU), up 9.5 per cent year-on-year, and a portfolio occupancy rate of 96.8 per cent.   Its majority exposure to resilient sub-sectors industrial and logistics (at 58.3 per cent of its portfolio value) amid the pandemic can be seen in the Reit' s 37.8 per cent total returns in the past one year. It is the second best performing among S-Reits.   FLCT entered the Straits Times Index in April 2021 and has obtained a BBB+ with stable outlook credit rating from S& P Global Ratings.   FCT is one of Singapore' s largest suburban retail landlords with 10 malls with a total AUM of S$6.4 billion.   The Reit reported 73.8 per cent growth in both revenue and NPI for H1FY21 at S$173.6 million and S$125.7 million respectively, mainly from its latest AsiaRetail Fund portfolio. The Reit announced a DPU of 5.996 cents, 28.4 per cent higher year-on-year.   It noted that tenants' sales have recovered to near pre-Covid-19 levels, despite shopper traffic still lagging due to safe distancing measures. Its retail portfolio occupancy has held up at 96.1 per cent and average reversion was at -0.7 per cent.   FCT recently announced that the property owner of Waterway Point, of which it owns 40 per cent, has been awarded its first green loan of S$589 million, lifting FCT' s proportion of green loans to 18 per cent.   FHT is a global hotel and serviced residence trust with 15 properties across nine cities and an appraised portfolio value of S$2.25 billion as at Sept 30, 2020.   In its H1FY21 results, the trust reported year-on-year declines of 36.2 per cent and 40.9 per cent in revenue and NPI respectively, as the sector continues to be affected by the pandemic.   However, on a half-year comparison, FHT has shown signs of improvement with 53.8 per cent and 83.5 per cent increases in revenue and NPI respectively, driven by better performance in its Australia portfolio.   The trust retained 60 per cent of its distributable income and reported lower distribution per stapled security of 0.179 cents.   FHT believes that domestic tourism may recover faster than international tourism given the pent-up demand for travel and views countries where it has a presence in such as Australia, Japan and the UK, to be best positioned for earlier recovery.

 

as long as dividend does not incease back to 5 to 6 cents, share price will remain depressed

Joelton      ( Date: 24-May-2021 09:19) Posted: Growing sustainably with Frasers' S-Reits FRASERS Property is one of Singapore' s largest property groups with S$39.2 billion in total assets as at March 31, 2021.   The group develops, owns and manages an integrated portfolio of properties across residential, hospitality, retail, commercial and business parks, and in industrial and logistics sectors across Asia, Australia, Europe, the Middle East and Africa, and China.   With a S$4.6 billion market capitalisation, Frasers Property is the sponsor of three SGX-listed trusts - Frasers Centrepoint Trust (FCT), Frasers Logistics & Commercial Trust (FLCT), and Frasers Hospitality Trust (FHT).   FLCT has 97 logistics, industrial and commercial properties across Australia, Singapore, Germany, the UK and the Netherlands.   The Reit achieved a record revenue of S$231.7 million and adjusted net property income (NPI) of S$173.9 million, representing increases of 95.1 per cent and 79.3 per cent year-on-year respectively in H1FY21, mainly from the merger with Frasers Commercial Trust last April.   It announced 3.80 cents in distribution per unit (DPU), up 9.5 per cent year-on-year, and a portfolio occupancy rate of 96.8 per cent.   Its majority exposure to resilient sub-sectors industrial and logistics (at 58.3 per cent of its portfolio value) amid the pandemic can be seen in the Reit' s 37.8 per cent total returns in the past one year. It is the second best performing among S-Reits.   FLCT entered the Straits Times Index in April 2021 and has obtained a BBB+ with stable outlook credit rating from S& P Global Ratings.   FCT is one of Singapore' s largest suburban retail landlords with 10 malls with a total AUM of S$6.4 billion.   The Reit reported 73.8 per cent growth in both revenue and NPI for H1FY21 at S$173.6 million and S$125.7 million respectively, mainly from its latest AsiaRetail Fund portfolio. The Reit announced a DPU of 5.996 cents, 28.4 per cent higher year-on-year.   It noted that tenants' sales have recovered to near pre-Covid-19 levels, despite shopper traffic still lagging due to safe distancing measures. Its retail portfolio occupancy has held up at 96.1 per cent and average reversion was at -0.7 per cent.   FCT recently announced that the property owner of Waterway Point, of which it owns 40 per cent, has been awarded its first green loan of S$589 million, lifting FCT' s proportion of green loans to 18 per cent.   FHT is a global hotel and serviced residence trust with 15 properties across nine cities and an appraised portfolio value of S$2.25 billion as at Sept 30, 2020.   In its H1FY21 results, the trust reported year-on-year declines of 36.2 per cent and 40.9 per cent in revenue and NPI respectively, as the sector continues to be affected by the pandemic.   However, on a half-year comparison, FHT has shown signs of improvement with 53.8 per cent and 83.5 per cent increases in revenue and NPI respectively, driven by better performance in its Australia portfolio.   The trust retained 60 per cent of its distributable income and reported lower distribution per stapled security of 0.179 cents.   FHT believes that domestic tourism may recover faster than international tourism given the pent-up demand for travel and views countries where it has a presence in such as Australia, Japan and the UK, to be best positioned for earlier recovery.

 

 

with the drag on hospitalization, are we looking at FP going back down to $1 again?

Sgvale      ( Date: 14-May-2021 17:50) Posted: --- Post Removed by User ---

 

no explosion lei.... kept dropping only...

kepoh88      ( Date: 08-Apr-2021 22:43) Posted: --- Post Removed by User ---

 

there was a married deal at $1.16 for 70 million shares

Sgvale      ( Date: 14-May-2021 17:50) Posted: --- Post Removed by User ---

 

FP dropping back to $1?

Joelton      ( Date: 13-May-2021 11:54) Posted: One-off factor lifts Frasers Property' s H1 profit Net profit rises 18% to S$275.8m for the first half ended March 31, even as revenue falls 26.6% to S$1.57b   A " ONCE in a very blue moon" factor helped Frasers Property post an 18 per cent rise in net profit to S$275.8 million for the first half ended March 31, even as revenue fell 26.6 per cent to S$1.57 billion, from S$2.13 billion a year ago as the group felt " the full brunt of the pandemic" .   The rise in profit was mainly because of a reclassification of a portfolio of industrial properties in Australia and Europe - valued at about S$1.2 billion before the revaluation - from properties held for sale to investment properties.   The gain on the change in use represents the difference between the fair value at the date of transfer and its previous carrying amount. Excluding this gain, the net profit would have been just S$23 million.   Asked in its earnings call if there are other portfolios coming up for reclassification in the future, group chief financial officer Loo Choo Leong replied no, adding that the transfer is not done at the group' s " whims and fancies" , but because the assets were identified as " build-to-core" , meaning they would be held for long-term returns.   " It arose due to a strategic shift for these assets to be held to core, rather than for them to be put on the market once they are completed."   The fall in revenue for H1 was largely due to poorer operating results from the group' s hospitality properties amid widespread travel restrictions and lockdowns during Covid-19, as well as lower contributions from development projects in China, Australia and Thailand.   This was partly due to the timing of settlements of these projects. The group expects the unrecognised residential sales revenue of S$1.7 billion from projects in Australia, Singapore, Thailand and China to stream in over the next 12 to 18 months.   Earnings per share stood at 8.42 Singapore cents for the half year, up from 6.38 Singapore cents a year ago.   Frasers maintained the suspension of its interim dividend, in keeping with efforts to enhance financial flexibility. Mr Loo said that despite this, the group is not suspending payment of final dividends.   Management plans to review the decision closer to the financial year-end, depending on the business outlook, company resources and financial results of the group by then. In FY20, it had paid a dividend of 1.5 Singapore cents per share, a drop from 6 Singapore cents per share for FY19.   Asked if Frasers Property might consider a similar restructuring to CapitaLand by privatising its development business to narrow its overall discount to book value, group CEO Panote Sirivadhanabhakdi replied that the group will be doing a review to see how it can unlock value.   This could be through shareholder engagement, creating longer-term value with a larger free float (for instance through its rights issue completed in April), or through " different platforms and vehicles" that allow the group to generate better returns to shareholders.   Shares of Frasers Property ended flat at S$1.20 on Wednesday, 56 per cent below its end-March net asset value of S$2.73.   The group also shared some of its upcoming development plans. For instance, following the completion of the Seaside Residences private condominium project in Singapore, which has been fully sold, the group is targeting to launch a 496-unit executive condominium (EC) project at Fernvale Lane, Parc Greenwich, in the fourth quarter of FY21.   It has also been granted provisional permission from the authorities to redevelop the recently acquired Bedok Point from Frasers Centrepoint Trust into a residential development with commercial units on the ground floor, although details about this remain sparse.   Mr Sirivadhanabhakdi said the group remains cautious about the residential market and would try not to hold onto land bank which would be a " drag" to its portfolio.   He said: " We are being very cautious when looking at land tenders. And we have enough pipeline as well in our view to sustain us in the next few years. We are looking at ways to also unlock the value of the land bank that we have as well," adding that it will only launch projects that are " relevant" .   It only has the Fernvale Lane EC site in its Singapore land bank another project Riviere, located along the Singapore River, is targeted for completion in the first quarter of FY23.   Property developers with a huge land bank have historically been penalised with trading discounts for not realising the value locked in these tracts of land.

 

 

FP dropped!!

 

FP still no movement yet.......

kepoh88      ( Date: 26-Apr-2021 11:41) Posted: --- Post Removed by User ---

 

why would it explode?

kepoh88      ( Date: 08-Apr-2021 22:43) Posted: --- Post Removed by User ---