Tuesday, July 22, 2014

Frasers Centrepoint Trust 2014Q3 Results

WOOO!

3 Cents Dividend!!! That's $30 per lot!

Geez... should have brought more last time!

I guess I was too cautious because it was my first stock...

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Anyway... very good results across the board.


They've officially completed the acquisition of Changi City Point (CCP), and now has total of 7 shopping malls!

The only negative thing of course is that their debt went from 27.9% to 30.2% (due to purchase of CCP). However, 30.2% is still considered on the low end when compared against its peers.

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