Frasers Property (formerly: Frasers Cpt (FCL))

[Contrarian]

Some price weakness.

I wonder if it is due to market pp guessing of cash call. Anyone heard anything?

Or just pure trader behaviour?

For a company with just 10-12% retail float, the liquidity is remarkable.

Cash call as in issue rights?
I doubt so, else it will be chaoren himself pumping in most of the money.

Backlog of profit is about S$1.9bn
Frasers hotel trust S$0.37bn

The acquisition costs A$2.6bn or S$3bn

So this $2.3bn will up their debt by $0.7bn...

I wonder how much of the existing development property portfolio they can recognise.