Frasers Property (formerly: Frasers Cpt (FCL))

[greengiraffe]

FCL is not your ah gong backed type of company. Before Towkay stepped in, FCL was under the stewardship of professional managers and have to adhere to strict discipline in order to ensure that shareholders wealth are not compromised.

Since Towkay took over, there was little changes in the same team that was running FCL business for years.

As indicated in previous interviews, the current team probably has similar mandates but more direct mandate from a controlling shareholder.

Given their REIT platform, it appears necessary for FCL to source of quality assets at acceptable prices for pipeline incubation. The process that we are seeing now should be viewed as aggressive rather than a necessity.

Vested
GG

FCL expanding agressively. Hope they can manage this expansion well. Australia, Europe and US next?