Frasers Property (formerly: Frasers Cpt (FCL))

recently a lot of doom reports on SG property, bubble bubble?

Nav is $2.12? It should be undervalue right? Good time to accumulate more?

Sales is coming back now, prepare to load more if go back to 1.485 again. Vested on expectation of reit ipo, hope can be done within the next 3 months

(16-01-2014, 05:26 PM)Freenasi Wrote: Nav is $2.12? It should be undervalue right? Good time to accumulate more?

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Currently most of the mid cap and blue chip property counters are trading at 0.8x book or better, at 0.7x book FCL would be undervalued for sure.

However do note that their gearing is above 40%, so this counter is not for conservative investors I guess.

(16-01-2014, 05:56 PM)felixleong Wrote: However do note that their gearing is above 40%, so this counter is not for conservative investors I guess.

well the blokes have made it quite clear that the aim of spinning FCL from FNN is to enable BOTH parties to tap the capital markets. Looking at the gearing for ThaiBev, i will not be surprised to see these 2 gear up.

The mitigating factor, though, is that the Thais need to channel money up from FNN+FCL, so the alignment of interests with the minority shareholders is there.

If you are interested to see the full picture, you might want to understand how the corporate structure actually is after the acquisition and spin-offs.

While this is not exactly about Fraser CentrePoint Trust, it is about Fraser Centrepoint Limited (FCL).

You can read more at

http://www.stokflok.com/content/purchase...nt-limited

(21-01-2014, 11:56 PM)arriyana Wrote: If you are interested to see the full picture, you might want to understand how the corporate structure actually is after the acquisition and spin-offs.

While this is not exactly about Fraser CentrePoint Trust, it is about Fraser Centrepoint Limited (FCL).

You can read more at

http://www.stokflok.com/content/purchase...nt-limited

very good read, thanks

(21-01-2014, 11:56 PM)arriyana Wrote: You can read more at

http://www.stokflok.com/content/purchase...nt-limited

you seem to be lifting articles from

http://bullythebear.blogspot.sg/2013/12/...t9STxAZ5D8

and

http://sgyounginvestor.blogspot.sg/2014/...27s+Diary)

While it is good to share articles (i find both posts postworthy) - it will be good to give credit to the original writers.

Dear Alpha Quant,

Please allow me to clarify.

Yes, the articles are from them. In fact, they are the ones who wrote it there. Stokflok is a platform for investors to write their thoughts and these two great writers kindly agreed to contribute on Stokflok as well. As we do not request for exclusive content, they are free to write on their own blogs as well.

As you might see from the article, the articles are written under their own account and name and profile. We are not an article publisher and we do not and never will claim the credit for the work. You may view their own profile and communicate with them through the platform if you wish to. Hope it clarifies the issue.

(22-01-2014, 01:09 PM)AlphaQuant Wrote:

(21-01-2014, 11:56 PM)arriyana Wrote: You can read more at

http://www.stokflok.com/content/purchase...nt-limited

you seem to be lifting articles from

http://bullythebear.blogspot.sg/2013/12/...t9STxAZ5D8

and

http://sgyounginvestor.blogspot.sg/2014/...27s+Diary)

While it is good to share articles (i find both posts postworthy) - it will be good to give credit to the original writers.

Thank you. Glad you enjoyed the read.

(22-01-2014, 09:54 AM)felixleong Wrote:

(21-01-2014, 11:56 PM)arriyana Wrote: If you are interested to see the full picture, you might want to understand how the corporate structure actually is after the acquisition and spin-offs.

While this is not exactly about Fraser CentrePoint Trust, it is about Fraser Centrepoint Limited (FCL).

You can read more at

http://www.stokflok.com/content/purchase...nt-limited

very good read, thanks