Frasers centrepoint limited fy14 outlook pdf

Singapore, 6 november 2015 frasers centrepoint limited fcl or the company, and together with its subsidiaries, the group today announced its financial results for the full year ended 30 september 2015 fy14 15. Propelling frasers property limited to second largest in singapore retail with the acquisition of pgim fund. Limited property manager frasers centrepoint property management services pte. Frasers centrepoint trusts portfolios retail estate. Planning permission received for frasers tower, cecil street, and piling works commenced fy14 15 remaining leases due for renewal. Singaporelisted frasers centrepoint is taking a bet on british business parks by acquiring a portfolio of five uk properties around london and glasgow, scotland for. Two years later, the company was rebranded as frasers centrepoint limited fcl.

You can use this to help gauge a markets performance. Fcl has four core businesses focused on residential, commercial and industrial properties in the key. The company engages in the development of land, housing projects, apartments, as well. Fct announced on 16 may 2019 the acquisition of a 33. Flt exceeds ipo forecast for the fourth consecutive quarter with. About frasers property ltd frasers property limited provides real estate ownership and development services. Singapore, december 11, 2018 moodys investors service has affirmed frasers centrepoint trusts fct baa1 issuer rating and maintained. The trusts sponsor, frasers centrepoint limited unrated, and strategic investor, tcc group investments ltd.

Buy rating on frasers centrepoint ltd fcl for its attractive valuations at 0. The managers knowledge of the business activities of fcts tenants is necessarily limited and such tenants may conduct business activities that are in addition to, or different from, those shown herein. The australian industrial supply is marginally above the longterm average with construction activity. The managers knowledge of the business activities of fctstenants is necessarily limited and such. Holdings of units in frasers centrepoint trust management services management fees ownership of assets. Centrepoint limited a year back1, fpl had largely continued. Frasers centrepoint trust fct makes distributions to its unitholders on a quarterly basis, with the amount calculated as at 31 march, 30 june, 30 september and 31 december each year for the three months ended on each of the said dates. Frasers centrepoint trust is a singapore real estate investment trust listed on the singapore exchange since 5 july 2006. Certain accounting policies or accounting standards had changed in the financial years ended 30 september 2015 and 30 september 2019 financial information for 2018 has been restated to take into account the retrospective adjustments on the adoption of the new financial reporting framework, singapore financial report standards international framework sfrsi and newrevised sfrsi. Moodys downgrades frasers centrepoint trust to baa2. However, cimb notes that the outlook remains positive for fct. Frasers centrepoint limited financial results presentation for the second quarter and first half ended 31 march 14 9 may 14 qbay residences, singapore.

Shares in the capital of frasers centrepoint limited fcl or the company on the singapore. Fcl stock quote frasers property ltd bloomberg markets. Frasers centrepoint trust is a singaporebased retail real estate investment trust reit. An exceptional quarter for australia residential revenue for 1q fy14 15, fcl realised. Frasers centrepoint trust phillip securities 20190524. Distributions, when made, will be in singapore dollars. Frasers centrepoint trust fct has not been spared by the covid19 pandemic, but ocbc investment research remains optimistic that the real estate investment trust will remain. The development comprises four 27storey towers with 843 units including two. The firm engages in the development of residential, commercial, hospitality, and industrial properties.

The admission and listing of frasers centrepoint limited on the singapore exchange securities trading limited the listing was sponsored by dbs bank ltd. Bank of america merrill lynch global real estate conference 2014. The principal activity of the company is to invest in various properties used primarily for retail purposes, in singapore and overseas. Frasers centrepoint limited registers attributable profit of. At the same time, the outlook on the rating has been changed to negative from stable. Frasers centrepoint limited continues to achieve strong.

The managersknowledge of the business activities of f tstenants is necessarily limited and such tenants may conduct business activities that are in addition to, or different from, those shown herein. The companys segments include causeway point, northpoint, anchorpoint, yewtee point, bedok point and changi city point. Investment property outlook overall outlook for investment assets remains positive. Singapore midyear 2017 credit outlook 8 july 2017 fraser and neave ltd. Brc brc sp is the market leader in steel reinforcement solutions in singapore. The listing manual of the sgxst, as amended, modified or. Frasers centrepoint trust retail real estate investment. The trust has a portfolio of six suburban malls, namely causeway point, northpoint city north wing including yishun 10 retail podium, anchorpoint, yewtee point, bedok point and changi city point. Fcl reports 91% rise in attributable profit1 for 3q fy14 15.

Singapore, march 25, 2020 moodys investors service has downgraded frasers centrepoint trusts fct issuer rating to baa2 from baa1. For 1h fy14 15, renewals and new leasing activity of 100,000 sqm have occurred. The company is a real estate company, which invests in, develops and manages properties through its strategic business units sbus. In addition to its own properties, it also acts as a project manager, marketing agent, and managing agent for residential, retail, office, and service apartment properties owned by the firm s parent company. Frasers property is a multinational company that develops, owns and manages a diverse, integrated portfolio of properties. Fy11 fy12 fy fy14 fy15 expiries as % of total nla nla sq ft expiring number. Frasers property is also the sponsor of three real estate investment trusts and one stapled trust listed on the sgxst. Frasers centrepoint limited achieves strong fullyear revenue and attributable profit in fy14 15. Frasers centrepoint limited is a singaporebased investment holding company.

Frasers centrepoint limited registers attributable profit. Fcot is managed by frasers commercial asset management ltd. Growth strategies fcot strives to become a leading owner of quality commercial real estate properties, a landlord of choice for businesses and a preferred investment choice among investors. Potential singapore pipeline to bulk up frasers centrepoint trust that could command higher premium to nav. We dialledin to the analyst briefing that was held on february morning and these are the key takeaways. Frasers centrepoint limited listed on the sgx in january 2014. Frasers centrepoint limited fht is sponsored by frasers centrepoint limited fcl, a full. Get up to speed with this quickstart manual thatll show you how to be. Construction on that development started in 1980 and was completed in 1983. We consider qualitative factors like but not limited to a stocks.

Fraser centrepoint limited fcl announced its 1q fy14 15 results on 12 february after market close. Moodys affirms frasers hospitality trusts baa2 issuer. Frasers centrepoint trust phillip securities 20190426. The first property it developed was a shopping centre known as the centrepoint located on singapores orchard road. Frasers commercial trust fcot is a real estate investment trust reit listed on the main board of the singapore exchange securities trading limited the sgxst. Frasers centrepoints net profit slipped 31% in fy14. Frasers centrepoint limited fcl has signed a conditional share subscription agreement with ticon industrial connection public company limited for thb. In june 2014, fcl launched the frasers hospitality trust fht, a stapled.

This presentation includes market and industry data and forecast that have been obtained from internal survey, reports and studies, where. Frasers centrepoint limited fcl is a diversified property conglomerate, with exposure in residential, commercial and hospitality real estate. Frasers centrepoint limited australia business overview 10. The centrepoint in november 2014 construction of waterway point is onschedule for completion in 2015 construction of northpoint city to commence in 2015 after move to the temporary bus interchange is completed planning permission received for frasers tower, cecil street, and piling works commenced fy14 15 remaining leases due for renewal.

Singapores frasers centrepoint limited renamed frasers. The company that would later be known as frasers property was incorporated in 1963 as cold storage limited, a market and retail chain. It will be fully funded by a bridge loan at a cost of c. Moodys affirms frasers hospitality trusts baa2 issuer rating. At frasers property, the integrated portfolio and services they provide across the property value chain are unified by their commitment to deliver enriching and memorable experiences for their customers and stakeholders. Opportunity to capitalise on positive economic outlook with 36% of gross rental income expiring in f20y11 by gross rent 1. Frasers centrepoint limited fcl is a full fledged international real estate company and one of. Frasers centrepoint limited achieves strong fullyear. Frasers centrepoint trust sph reit frasers commercial trust starhill global reit frasers hospitality trust suntec reit.

Fcts biggest asset, cwp, stands to gain tremendously from. Frasers property is a company that owns, develops and manages a diverse portfolio of properties across the globe. Proforma fy18 gearing postacquisition will be at 36% fy18a. Fcl reports 91% rise in attributable profit1 for 3q fy1415. This presentation includes market and industry data and forecast that. Frasers centrepoint tops out frasers tower with over 70% pre. Frasers centrepoint limited financial results presentation. Throughout the decades, the eightstorey complex was home to many different tenants, including teochew city seafood restaurant, cold storage, marks and spencer, tianpo jewellery, and metro. Spun off and listed on the singapore exchange in january 2014, thailands tcc group is the main shareholder and controls 87. Listed on the main board of the singapore exchange securities trading limited and headquartered in singapore, the group has total assets of. Frasers centrepoint limited is acquiring four incomeproducing business parks in the united kingdom for a purchase consideration of.

It is the second largest integrated property developer in singapore by total assets, with sgd24. Thailandlisted ticon, is a developer and owner of industrial properties in. Strong fullyear revenue and attributable profit in fy1415. The outlook for business parks for 2015 remains positive but cautious with demand expected. Frasers centrepoint limited financial results presentation for the first quarter ended 31 december 14. Jan 16, 2018 singapore following the successful inaugural launch of frasers tower last february, frasers centrepoint singapore today celebrated the towers topping out ceremony, having secured strong lease commitments of over 70% for its 38storey office tower, with close to 50% of its retail podium also successfully leased. Explore frasers property australia, a diverse property company specialising in residential, retail, commercial, industrial and logistics development and management. It is jointly developed by frasers centrepoint singapore, sekisui house and keong hong holdings. Frasers centrepoint trust had in april 2019 acquired a 17. Moodys affirms frasers centrepoint trusts baa1 rating.

Frasers property is the sponsor of a retail reit, frasers centrepoint trust, and an. Frasers centrepoint trust 2nd quarter fy14 financial results presentation financial quarter ended 31 march 2014 22 april 2014 causeway point northpoint bedok point yewtee point anchorpoint. Frasers centrepoint trust 1st quarter fy11 results. Flt exceeds ipo forecast for the fourth consecutive. Fct is focused on delivering regular and stable distribution to its unitholders through its investments in quality incomeproducing retail properties in singapore and overseas, and to achieve long. Frasers centrepoint trust retail real estate investment trust.

Fct is focused on delivering regular and stable distribution to its unitholders through its investments in quality incomeproducing retail properties in singapore and overseas, and to achieve longterm growth in net asset value. Since initiating our coverage on frasers property limited fpl, formerly frasers. Frasers centrepoint trust fct is a leading developersponsored retail real estate investment trust listed on the sgxst. Frasers centrepoint limited delivers strong performance in. Frasers centrepoint limited acquiring 4 uk business parks for. Frasers property limited, formerly frasers centrepoint limited, is a singaporebased investment holding company. Seaside residences is a 99year leasehold condominium located on siglap link. Frasers centrepoint trust 2nd quarter fy14 financial results presentation. For credit ratings that are derived exclusively from an existing credit rating of a program, series, categoryclass of debt, support provider or primary rated entity, or that replace a previously assigned provisional rating at the same rating level, moodys publishes a rating announcement on that series, categoryclass of debt or program as a whole, on the support provider or primary rated. Frasers property is a multinational real estate and property management company that.

Frasers centrepoint trust has a proven track record of delivering steady financial and operational performance that underpin its objectives of delivering stable distributions and longterm capital growth to its unitholders through a combination of organic, asset enhancement and acquisition strategies. Credit update thursday, 31 may 2018 stay watchful fpl had largely persisted with its growth strategy via both organic as well as inorganic means. Fcot is sponsored by frasers centrepoint limited fcl. Centrepoint limited begins trading on the sgxst main board pdf. Frasers hospitality trust is the first global hotel and serviced residence trust to be listed on the singapore exchange on 14 july 2014, comprising frasers hospitality real estate investment trust and frasers hospitality business trust. We expect rerating catalysts to come from potential asset monetisation from ongoing strategies to crystallise value across its portfolio. Frasers centrepoint limited is a real estate investment firm specializing in investments in retail, commercial, and residential properties. Frasers property uk limited free company information from companies house including registered office address, filing history, accounts, annual return, officers, charges, business activity. Its segments include singapore sbu, australia sbu, hospitality sbu, international business, and corporate and others.

Frasers centrepoint limited fcl is the former realestate arm of fraser and neave limited. Frasers centrepoint trust results outlook fcts malls are located in suburban residential areas with comparatively lower retail space per capita, for instance, 6 sqft in the central parts of singapore figure 1. The managers knowledge of the business activities of fcts tenants is necessarily limited and such. Frasers centrepoint limited australia business overview 10 june 15 central park, sydney. About frasers commercial trust frasers commercial trust fcot is a commercial real estate investment trust reit focused on growing shareholder value for its unitholders through active asset management, sound financial management and strategic investments. Strong outlook for sydneys accommodation market with robust occupancy levels and growth in adr expected to strengthen in line with the benign supply outlook and a. Investments looked to be spread between deepening existing operations as well as expanding into.

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