26 February 2014

Frasers Centrepoint Limited trending up

If you had been following my post earlier, I did mentioned that FCL is currently undervalued. If you had picked up FCL at $1.40, you will be smiling now. It was trading at $1.53 after today closing, which is a good 9.28% profit. FCL had been trading on upward trend since 2 weeks ago after it had been fluctuating between $1.40 to $1.42. The Net Asset Value of FCL is $2.15 currently, which is a discount of 35% to its NAV. I believe there will be more upward to come for FCL in the next 1 or 2 weeks hopefully if there is no major negative news being released.

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