Frasers Property (formerly: Frasers Cpt (FCL))

[toiletsiao]

Currently trading at $1.52, looks pretty cheap.

If can get at 1.40 would be like 0.75 PB, a very decent margin of safety for such quality assets


any view?

based on the latest NAV of 2.12 .. @ 1.52 it is currently about 29% discount to book..I am looking to add on too

There will be an overhang on FCL shares notably
1) People selling away their Free shares
2) ThaiBev's strategic review on their own 28.4% FCL stake .. not sure will they do a Swap with TCC assets for their FNN stake or place it out to receive cash...

but theres also catalyst in the near term ..
1) FCL's Hospitality REIT listing...that should give the NAV another boost..
2) Robinsons departmental store is moving out of centrepoint ard 2 mths time...i think Centrepoint will be redeveloped together with starhub centre behind it...off course this is my personal speculation la..