Frasers Commercial Trust (FCOT) Q1FY19 Review and Google in talk with FCOT


forex no deposit bonus
Recently there is some news around Google in talk for 400k sq ft in Alexandra Technopark, As I currently I own some share of FCOT, this is a good news for me.

Now, lets look into Q1FY19 result

The overall gross revenue has been on the down trend quarter by quarter from $35m to $31m and the dividend still being supported by

  1. Gain on disposal of hotel development right by $3.7m (Q1FY18 was supported with $1.9m)
  • Total use from this gain to date is around $22.3m out of $44m
  • 100% Management Fees paid in unit (FY17 and before, portion of the management fees was paid in cash)
  • HP also did not renew 93k sqft space that expire by 31 Dec 2018 so Q2FY19 will be impacted by this event as well.

    Based on the slides on the business park rent for city fringe is around $5.8sq ft so if the deal with Google does happen, then it will be revenue around $2m based on $5.8 calculation.

    It will help to reduce the dependency for the dividend to be supported by gain on disposal of hotel development right.

    Seem I will need to expect management might plan some acquisition to be able to maintain dpu payout and back to the day where management fee paid in cash instead of unit

    The Gearing has went down from 34.7% in previous year to 28.4% this year as a result of the divestment of 55 market street. No major refinancing till FY20 and the current average interest rate is 2.97% and 90% borrowing fixed rate

    For the occupancy, it increase from 83.4% to 83.8% compare to the previous quarter. I am expecting positive rental reversion for Singapore properties and negative rental reversion for Australia property plus the weakness in current AUD.

    In summary,

    1. DPU will remain flat in the next coming quarter supported by the gain on hotel development
    2.  93k sqft space not renew will drag down the gross revenue in Q2 if item 3 below does not materialised
    3. Deal with Google will off set some dependency on DPU to be supported by the gain on hotel development
    4. Potential growth for DPU will come from China Square central retail podium which will increase from 64k sqft to 78sqft which is currently already 40% pre committed.
    5. Potential acquisition in 2019

    binary options social trading

    Leave a Reply

    Your Name (required)

    Your Email (required)


    Your Message

    BonusMin. DepositMax. ReturnsRating
    ayrex$10,000$20090%Rating Ayrex Options Review
    $10,000$581%broker Rating Freestyle Review
    Finmax$10,000$20090% FiNMAX Review
    StockPair$20,000$585%broker Rating Falcon Finance Review
    24optionUnlimited$25089%Top Binary Options Brokers Rating 24option Review

    To invest with binary options you will work with an investment broker who is licensed to work in this field. Working with your broker, you will identify which asset you want to buy an option on, how much you want to invest and when the option will expire. Once the option is placed, you simply watch the trading activity on that asset to see if your prediction was accurate or not.

    Binary options are one of the most popular trading choices for investors today, due in large part to their simplicity and the fact that you always know all the risks and payoffs ahead of time.

    • regulated: we promote only regulated brokers whose business models and marketing practices are checked by relevant government authorities.
    • special features: here we list all the important features that a broker offers. These are usually listed as perks offered trough various account types which bring different levels of service, depending on the minimum funds deposited
    • bonuses: almost every Top Binary Options Brokers offers these rewards that increase trading potential. Fair Binary Options also lists terms and conditions that come with the bonus money so traders always know how will these affect their trading efficiency.
    • the best binary trading platforms reviewed: we review the software that makes trading possible. There are several big providers, such as SpotOption, TechFinancials, Tradologic, MarketsPuls… Every software has some special characteristics, and not every software is suited for every trader
    • assets: Fair Binary Options review provides basic info on the amount of assets available for trading
    • customer support: we chat with the customer support to test how the broker has set up the help desk that should support traders. This is the best way to assess the service.
    • payments: we list all the payment options available by the Top Binary Options Brokers, list minimum deposit requirement
    • withdrawals: we warn traders if withdrawal requirements are too high, or if it takes a long time to get the money back.
      • Keras - self-learning NEURAL networks for
        Stock market forecasting
        Get it FREE








        *number of participants is limited

        Customer Testimonials

        Fellas what broker is legit in States ? binary options binary options broker USA?
        FrankyP