0744 GMT - Frasers Property could book strong gains in the coming quarters, after its Australian unit signed a deal to sell its Eastern Creek Quarter retail development, says DBS Group Research's Tabitha Foo in a note. The exit price of the asset seems favorable relative to several large Australian retail transactions even though Eastern Creek Quarter isn't a dominant super-regional mall, according to some real-estate service providers, the DBS analyst says. "The sale reflects Frasers' ability to develop, stabilize and monetize assets, while freeing up capital and supporting balance sheet flexibility," she says. The asset's sale also suggests that high-quality retail assets still offer liquidity despite a higher interest rate environment in Australia, she says. DBS maintains its buy rating and S$1.50 target price. Shares fall 0.9% to S$1.12.(megan.cheah@wsj.com)

(END) Dow Jones Newswires

May 18, 2026 03:44 ET (07:44 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.