Frasers Property (formerly: Frasers Cpt (FCL))

[thor666]

Guru GG, bro thor 666...

I added a little.  Maybe too early should wait 2 more days??? Chin Chai La...

How certain is their recurring revenue and the sales pipeline, if u may share?

Based on AR (I'm lazy to check their latest slides) - 2.2B in development and 0.5B in recurring (rent/mgmt/hotel). Recurring around 20%.
FCL will look to rebalance this dependent on market conditions, somewhere at 50:50 ratio.
If you notice their announcements, they are progressively looking to recycle their assets into REITs, so the rebalancing towards recurring income (and likely lesser revenues) is the current trend.

Today's price is as good as any this year imo. Many have forgotten that FCL is fundamentally very strong, their asset values are much more stable.

I will wait a little longer though as I have my eyes on LSE stocks too. Let's see how it goes.