Frasers Centrepoint Trust expected to join STI in March review
THE king of heartland malls could earn a place on the Straits Times Index (STI) at the next quarterly review in March.
Analysts said that they expect Frasers Centrepoint Trust (FCT) : J69U 0% to be included in the benchmark index in the upcoming review given its high market capitalisation.
The trust has nine retail properties in its portfolio, of which most are suburban malls such as Northpoint City North Wing in Yishun and Nex in Serangoon.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Hong Kong-listed ESR gets privatisation proposal from Starwood, Sixth Street, SSW
Frasers Property’s capital recycling transactions total S$1.1 billion in H1 2024
Currency markets steady before US inflation test
Sanofi invests 1 billion euros in French drug manufacturing
Amazon’s Zoox probed by US after two crashes in autonomous SUVs
SBS Transit Q1 net profit rises 7.5% to S$17 million on higher fare revenue and ridership