Broker's take: Citi Research upgrades Frasers Centrepoint Trust to 'buy'

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BrokersTake: Citi Research upgrades Frasers Centrepoint Trust to 'buy'

If FCT and Frasers Property own a combined 100 per cent stake in PGIM, the Citi analysts said shareholders can benefit from two potential cost savings.

Secondly, there might be a lower debt cost. This"would boost PGIM’s dividends by 30 per cent and FCT’s DPU by about 3 per cent", the analysts said.

 

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