Frasers Logistics & Commercial Trust

BUOU: XSES (SGP)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
SGD 8.18BmjdZwhskllq

Frasers Logistics and Commercial Trust: Positive Business Update With Improving Operating Metrics

We read Frasers Logistics and Commercial Trust’s third-quarter fiscal 2024 (ending September) business update positively. Overall, it aligned with our expectations, and we retained our fair value estimate of SGD 1.14 per unit. Based on the last closing price, we think the trust is undervalued and trades at an attractive fiscal 2024 distribution yield of 7%.

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