A quick update to the recent movement I have in my portfolio.
I managed to get through the queue by buying 10,000 shares of FCL at a share price of $1.48. Selling pressure has been strong in recent weeks, and we can see again that today it closes with a rather huge volume, given the low liquidity this counter have.
The Group is gaining momentum with building up a guardian of their industrial properties, especially after they have listed their industrial arms in Fraser Logistics Trust. The latest strategic investment in "Project Titan" with SET listed Ticon has attested to that. The latter having 18 industrial estates and 33 logistics locations under their development.
In Australia itself, the Group continued to extend their footprint by expanding their presence into the Sydney Western suburb area for their industrial properties development.
Fraser Logistic Trust should benefit over time from the ...