Frasers Property (formerly: Frasers Cpt (FCL))

[CityFarmer]

Mod.. If the info here is not suitable to disseminate (there are non shareholders) please let me know. Though I dont think there is much sensitive information.

Sent from my D5503 using Tapatalk

IR disclosures should be public domain info, otherwise the company may be the next target of SGX

Status quo, unless objection received.

Thank for the sharing.

Regards
Moderator

[greengiraffe]

1Q results out.

Little wonder FCL has been accorded transparency award.

With the impending delisting of Kep Land, I am confident that FCL will progressively move towards a replacement holdings for fund managers that need to balance up their property allocation within the Singapore universe.

FCL's comprehensive property model which is a mirror image of the early days of Capitaland alongside its established capital efficient asset light REIT platform and management's consistent replenishment of assets for future seeding will ensure that it is a more sustainable model than that of Capitaland and KepLand that has been too focus on going asset light (do correct me if I m wrong, at least this is my personal perception).

The rare high dividend yield remains a plus for value investors.

Vested
Core
GG

http://infopub.sgx.com/Apps?A=COW_CorpAn...uddies.com

http://infopub.sgx.com/FileOpen/FCL_1Q_F...eID=334858

[earnest87]

Hi,
I'm relatively new to investment (and FCL) and I noticed recently that there is a movement of 200,000 shares at 1.695 and another movement of either 100,000 or 200,000 at 1.692 on the stock tracker. Therefore, I'm curious as to whether it is possible to find out more information about such movement?

[Contrarian]

Bro earnest.

Better for you to sign up a chart course and find out from the gurus there.
This forum more for FA pp. not analysis of individual trades.

[greengiraffe]

Should UE deal talks lapse, perhaps the disappearance of distractions that Towkay has over the last few months may refocus him on the tasks of starting to focus and extract value from FCL.

F&N value extractions have largely been completed and operationally F&N is on a auto-pilot status. FCL following the acquisition of ALZ should have more exciting times ahead especially with the buoyancy of the Australian property market.

GG

[earnest87]

Sorry Contrarian, I'm not interested in chart; I intend to hold my shares for a much longer period. I'm just curious on why there's such movement this week.

Bro earnest.

Better for you to sign up a chart course and find out from the gurus there.
This forum more for FA pp. not analysis of individual trades.

[piggo]

Sorry Contrarian, I'm not interested in chart; I intend to hold my shares for a much longer period. I'm just curious on why there's such movement this week.

Bro earnest.

Better for you to sign up a chart course and find out from the gurus there.
This forum more for FA pp. not analysis of individual trades.

400-500k trading volume isn't even high... It doesn't mean anything. Just another trading day. There'll be trades everyday, just like when you purchase your stake that's a trade.

[earnest87]

I agree with you, Piggo, that the volume is not that significant. I guess I didn't explain myself clear. I'm curious because there the movement on 1.692 was, i think, an off-market purchase. So i'm just curious as to why there is such movement when we can only trade 1.69 or 1.695 or anything in + or - 0.005 through the brokerage. It's ok; I can move on from here.

[Contrarian]

Targeting to derive 60-70% of its income base from recurring revenues

FCL, in the medium term, targets to derive 60-70% of its revenues from a recurring income base. This is expected to
be driven by Frasers Australand and its commercial and hospitality divisions. The group is growing its platforms
through the the construction of Punggol Point (retail), Northpoint City (retail) and Frasers Towers (commercial),
which will boost its earnings further. Frasers Hospitality is also expected to see its footprint expand to 30,000
managed units by 2019

[greengiraffe]

Residential sales drive Australand to 56pc profit boost
THE AUSTRALIAN FEBRUARY 23, 2015 12:00AM

Sarah Danckert

Property Reporter
Melbourne

Australand managing director Bob Johnston says consumers are feeling better. Picture: Sam Mooy Source: News Corp Australia

FRASERS Centrepoint-controlled Australian property trust Australand has handed down a bumper net profit of $211.8m in 2014, a 56 per cent increase on the prior year, on the back of a strong performance in its residential business.

The results, filed to Australian Securities & Investments Commission last week, are the first set since the company fell into the hands of the Singapore-listed group and was taken private last year.

Australand managing director Bob Johnston told The Australian the whole business performed very well. “Our residential business performed strongly throughout 2014 and has continued to perform strongly in the first quarter of this year so far,” Mr Johnston said in his first public comments since Australand was delisted last year.

“Sydney CBD has been outperforming the market and that continues to hold up well across all of our project in Sydney.

Mr Johnston said the company recorded a significant number of settlements from key projects at Wolli Creek and ­Clemton Park, both of which are in Sydney.

He said both the company’s land estates and apartment projects were also performing well, while the market in Brisbane had started to pick up after a tough couple of years. “Right across the board the residential market has been strong.”

Mr Johnston said the market was being buoyed by the lower ­interest rate environment, falling petrol prices and low inflation in grocery prices.

“I think the general consumer is feeling a bit better about their disposable income at the ­moment.”

Mr Johnston said the company had acquired several good development sites during 2014 to stock both its residential and industrial development business and the company would look to purchase more properties in 2015.

The uplift in sales will see Australand release 1500 residential units during 2015.

Operating profit before tax rose 24.7 per cent to $210.75m during 2014 while funds from operations — an earnings metric preferred by property trusts — was up 32.8 per cent to $196.43m for 2014. Operating earnings from its residential business hit $105.43m, up 17.8 per cent on the $89.53m it recorded in 2013.

Its commercial and industrial development arm recorded a dip in operating earnings to $26.54m in 2014 compared to the $30.19m the company recorded in the year prior.

Mr Johnston said while tenant demand for industrial and commercial development remained subdued, Australand had benefited from contributions from its The Ponds shopping centre in Sydney and industrial land sales and preleases at key projects in Eastern Creek in NSW and in ­Victoria at Derrimut and Keysborough.

Operating earnings from the company’s investment property portfolio slipped 0.3 per cent to $193.6m for the period.

Also boosting Australand’s bottom line was a $103.1m uplift in the value of its $2.45 billion investment property portfolio, Mr Johnston said.

The occupancy rate across its investment portfolio was 92 per cent at the end of the year while weighted average lease expiry was more than five years.

Mr Johnston said the integration of Australand into the wider Frasers Centrepoint group was going very well.

“They continue to support the business and we’ve integrated with the local team here.

“The major shareholders are now very supportive and want to see the business grow to expand their Australian footprint.”

Australand’s profits also helped to boost Frasers Centrepoint’s first quarter results last week, with the Singapore-listed group posting a 55 per cent jump in net profit to $186.87m on the back of the contribution from Australand.