UOB Kay Hian is keeping Frasers Logistics and Industrial Trust (FLT) on "purchase" with a higher target cost of $1.11, from $1.08 beforehand, on the back of FLT's superior to expected 4Q comes about.
In a report of Thursday, UOB lead investigator Derek Chang says FLT's outcomes for the quarter finished Sept 30 surpassed its IPO gauge and additionally the examination house's desire.
The director of recently recorded FLT on Wednesday proclaimed a conveyance for each unit (DPU) of 1.84 pennies for the period, 2.8% higher than the 1.79 pennies conjecture.
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