Frasers Commercial Trust requests trading halt

Singapore two-dollar bills

Frasers Commercial Trust requested a trading halt of the REIT’s units pending the release of an announcement, the trust manager, Frasers Commercial Asset Management, said in a filing to SGX on Thursday.

The trust is scheduled to report is earnings on Friday.

Daiwa has estimated the trust would report a distribution per unit of 2.39 Singapore cents for the October-to-December quarter, down 0.5 percent on-year, with revenue down 8.3 percent on-year at S$32.4 million and net property income down 12.0 percent on-year at S$21.9 million.

It rates the stock at Hold.

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