Analysts remain positive on Frasers Property despite mixed 3Q performance

By Samantha Chiew / The Edge Singapore | August 13, 2018 12:50 PM SGT
SINGAPORE (Aug 13): Frasers Property last week announced that its 3Q18 earnings increased 8.6% y-o-y to $198.1 million.
Revenue dropped by 2.7% y-o-y to $1.36 billion mainly caused by slower sales from Australia, hospitality, Europe and rest of Asia segments, partly offset by higher Singapore contributions.
Following the results announcement, DBS is reiterating its “buy” recommendation on Frasers Property with an increased fair value of $1.98.
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