Frasers Property (formerly: Frasers Cpt (FCL))

[felixleong]

I also think they are more likely to sell a stake to increase the public float instead of placement
for placement, new shares are created and the $$ raised goes to the company, so they have to take an extra step to get the $$ out of FCL into their pockets
for selling of stakes, the no new shares are created and the $$ is passed directly to the thais (so I think this route is more likely to be taken)

The thais are known to be savvy, don't think they will wanna cash out at such low levels. My feel is $1.60-2.00 (but hey dun listen to me, I'm wrong half the time lol ^_^)