Frasers Property Limited

TQ5.SI : Singapore Exchange

0.800

-0.62%

Share Price in SGD. As of 29 May 09:00:05 SGT

Chart

Key stats

  • 52-Week High
    SGD 0.995
  • 52-Week Low
    SGD 0.750
  • Market Cap
    SGD 3.1B
  • Avg Volume
    122K
  • P/E Ratio (TTM)
    -
  • Forward Dividend Yield
    5.59%

Share Price Performance

TQ5.SI
Market
1 Day 0.00% 0.14%
5 Day 1.27% 0.27%
1 Month 0.63% 1.51%
6 Month -4.19% 8.02%
YTD -11.11% 3.15%
1 Year -5.33% -1.25%
5 Year -55.80% 0.95%
Include dividend return

All

Market Analysis

Consensus Share Price Target

Price Target: $1.220

Sell
Underperform
Neutral
Outperform
Buy

Source: SGX as of 29 May 2024

Analyst Ratings

  • CGS-CIMB

    20 Nov 2023

    Add

    1.410

  • DBS Research

    16 Nov 2023

    Buy

    1.200

    (prev 1.210)

Analyst Reports

There are no analyst reports currently available for Frasers Property Limited.

Beansprout Insights

Valuation

Price to earnings (P/E) ratio

Current P/E
Historical Average P/E
7.6

Frasers Property Limited's current P/E ratio of ∞x is higher than its historical average P/E ratio of 7.6x.

Price to book (P/B) ratio

Current P/B
0.3
Historical Average P/B
0.5

Frasers Property Limited's current P/B ratio of 0.3x is lower than its historical average P/B ratio of 0.5x.

Earnings

Earnings Highlights

1H FY23/24 Results Summary

  • Revenue: SGD 1.55B

    Decreased 20% Year-on-Year

    The decline was due to lower residential contributions from Thailand and Singapore. These were partially offset by higher contributions from residential settlements in China and Australia.

  • Net Profit: SGD 36M

    Decreased 82% Year-on-Year

    Attributable profit was lower mainly due to non-cash unrealised fair value losses and impairment on certain commercial properties in the UK of S$115 million amid persistent weak business sentiments in the UK. Cushioning the impact were net fair value gains on industrial and logistics properties in Australia and continental Europe on the back of rental growth. Lower residential contributions from Singapore and Thailand, and higher interest expenses further impacted attributable profit.

  • Return on Equity (ROE): 1%

    Decreased 83% Year-on-Year

    Due to the decline in net attributable profit.

  • Debt to Equity Ratio: 94%

    Increased 4% Year-on-Year

Earnings per share (EPS)

The latest earnings per share is $0.03, which is lower than the earnings per share of $0.22 in 2022.

Financials

Financial Statements

10 May 2024

Second Quarter and/ or Half Yearly Results

For period ending 31 Mar 2024

09 Apr 2024

Profit Guidance

For period ending 31 Mar 2024

10 Nov 2023

Full Yearly Results

For period ending 30 Sep 2023

12 Oct 2023

Profit Guidance

For period ending 30 Sep 2023

Annual Reports

22 Dec 2023

Annual Report

For period ending 30 Sep 2023

22 Dec 2023

Sustainability Report

For period ending 30 Sep 2023

News

Profile

Company Description

Frasers Property Limited, a real estate company, owns, develops, and manages a diverse, integrated portfolio of properties. It operates through four business units: Singapore, Australia, Hospitality, and Europe and rest of Asia. The companys assets range from residential, retail, commercial, and business parks, to industrial and logistics in Singapore, Australia, Europe, China, and Southeast Asia. Its hospitality business owns and/or operates serviced apartments and hotels in over 80 cities across Asia, Australia, Europe, the Middle East, and Africa. The company also acts as a sponsor of four vehicles listed on the SGX-ST, comprising three REITs, including Frasers Centrepoint Trust, Frasers Commercial Trust, and Frasers Logistics & Industrial Trust, focused on retail properties, office and business space properties and business parks, and logistics and industrial properties respectively, as well as one stapled trust, Frasers Hospitality Trust, focused on hospitality properties. The company was formerly known as Frasers Centrepoint Limited and changed its name to Frasers Property Limited in February 2018. Frasers Property Limited was incorporated in 1963 and is headquartered in Singapore. Frasers Property Limited is a subsidiary of TCC Assets Limited.

FAQ

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