I deployed my war chest into Frasers Centrepoint Trust (FCT) today. My order of 4,000 shares of FCT at $2.12 was filled this afternoon to increase my stake to 12,000 shares. In Feb 2024, Frasers Centrepoint Trust (FCT) has issued 71.4m shares at $2.18 from private placement to raise funds of $200m to partially fund a 24.5% stake in Nex by acquiring from its sponsor, Frasers Property. This was a strong diversification and consolidation move to cement FCT's position as heartland mall king in Singapore. After the acquisition, FCT effectively owns 50% stake of NEX and is now the only pure local retail mall Reit in Singapore. I hope and believe that FCT will eventually acquire Nex fully to also give shareholders an opportunity to participate in equity fund raising again. FCT has always been in my watchlist to grow my SGX income portfolio. It will be announcing its results and the remaining dividends (I am expecting 1.5 cents or more) of 1H FY24 on 25 Apr 2024....