Broker: DBS Group Research
Date of Report: 05 May 2026
Excerpt from DBS Group Research report.
Report Summary
- Stock Focus: Frasers Logistics & Commercial Trust (FLT SP Equity)
- Action: BUY
- Target Price: SGD 1.05
- Key Highlights:
- 1H26 DPU (Distribution Per Unit) of 2.95 Scts, in line with projections; core DPU up 11.9% y/y, supported by strong positive rental reversions (+9.8%) and healthy gearing (33.7%).
- Recent acquisition of a logistics asset in the Netherlands is DPU accretive and adds to portfolio strength.
- Underlying earnings remain strong despite lower capital distributions; logistics segment continues to drive organic growth.
- Actionable Insight: Investors should focus on FLCT for its robust logistics exposure, strong core earnings momentum, and DPU accretive asset acquisition. The BUY rating and SGD 1.05 target price signal upside potential.
above is an excerpt from a report by DBS Group Research. Clients of DBS Group Research can be the first to access the full report from the DBS Group Research website : https://www.dbs.com/
