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Frasers Property (TQ5) AI Stock Analysis

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SG:TQ5

Frasers Property

(SGX:TQ5)

Select Model
Rating:60Neutral
Price Target:SGD 0.95â–²(5.00% Upside)
Action:reiterated
Date:08/04/26

Overall score is held back primarily by weakening financial performance (sharp revenue decline, lower net margins, and high leverage) despite decent operating margins and solid cash conversion. Technical signals are neutral-to-soft with slightly negative momentum and price below key moving averages. Valuation is modestly supportive via the ~4.33% dividend yield, but the P/E of ~21 limits the valuation boost given current profitability pressures.

Positive Factors
Diversified Property PlatformOperating across residential, commercial, retail, industrial, logistics and hospitality real estate gives Frasers Property multiple demand channels. Its combination of development profits, recurring rental income and management fees can diversify earnings sources over the next several quarters.
Negative Factors
Sharp Revenue ContractionRevenue has contracted by roughly one-fifth, showing a material slowdown in the business’s current earnings engine. Sustained top-line weakness can reduce development profits, limit operating leverage, and make it harder for the group to absorb fixed property and corporate costs.

Frasers Property (TQ5) vs. iShares MSCI Singapore ETF (EWS)

-20%-10%0%10%20%30%SG:TQ5-10.09%EWS+12.23%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
SGD 3.10B
Dividend Yield
5.00%
Average Volume (3M)
198.69K
Price to Earnings (P/E)
20.5
Beta (1Y)
0.71
Revenue Growth
-21.12%
EPS Growth
-34.48%
Country
Singapore
Employees
9,700
Sector
Real Estate
Sector Strength
65
Industry
Real Estate - Diversified

Frasers Property Business Overview & Revenue Model

Company Description

Frasers Property Limited, a Singapore-headquartered investment holding company incorporated in 1963, is involved in the development, acquisition, and management of a diverse portfolio of real estate assets. Its extensive collection of properties enco...

How the Company Makes Money

Frasers Property makes money primarily through (1) development profits from selling completed properties and recognizing revenue from property development projects, and (2) recurring income from its portfolio of income-producing assets. Development-r...

Frasers Property Financial Statement Overview

Summary

Mixed fundamentals: stable gross margin (~39%) and solid EBIT/EBITDA margins, but profitability is weakening (net margin down to 7.14%) and revenue growth is sharply negative (-20.05%). Balance sheet leverage is elevated (debt-to-equity 1.89) with low ROE (2.48%). Cash flow conversion is good (FCF/net income 0.95) but FCF growth is negative (-12.64%), raising liquidity/investment concerns.

Income Statement

65Positive

Balance Sheet

58Neutral

Cash Flow

60Neutral
Financial statement breakdown
BreakdownTTMSep 2025Sep 2024Sep 2023Sep 2022Sep 2021
Income Statement
Total Revenue3.32B3.40B4.21B3.95B3.88B3.76B
Gross Profit1.35B1.34B1.49B1.54B1.51B1.57B
EBITDA999.35M1.32B1.36B1.22B1.21B1.29B
Net Income189.36M243.10M206.33M173.14M928.27M833.09M
Balance Sheet
Total Assets40.05B39.75B39.64B39.78B40.17B40.26B
Cash, Cash Equivalents and Short-Term Investments1.96B2.39B2.64B2.66B3.32B3.78B
Total Debt18.94B18.48B18.37B17.49B17.02B18.59B
Total Liabilities22.95B22.60B22.17B21.58B20.79B21.93B
Stockholders Equity9.64B9.30B9.93B10.79B11.59B10.79B
Cash Flow
Free Cash Flow931.63M981.79M1.18B1.43B190.40M316.29M
Operating Cash Flow988.62M1.03B1.24B1.56B1.18B1.36B
Investing Cash Flow99.67M183.08M-339.01M-1.47B49.80M-146.61M
Financing Cash Flow-1.37B-1.58B-846.82M-688.99M-1.57B-557.32M

Frasers Property Technical Analysis

Technical Analysis SentimentNegative
Last Price0.90

Price Trends

50DMA0.96Negative
100DMA1.02Negative
200DMA1.05Negative

Market Momentum

MACD-0.02Negative
RSI33.96Neutral
STOCH76.19Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:TQ5, the sentiment is Negative. The current price of 0.90 is below the 20-day moving average (MA) of 0.91, below the 50-day MA of 0.96, and below the 200-day MA of 1.05, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 33.96 is Neutral, neither overbought nor oversold. The STOCH value of 76.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:TQ5.

Frasers Property Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

SG:TQ5 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
SG:U14SG:U1477OutperformSGD 6.69B12.544.44%2.28%1.56%21.82%
Sector *65Neutral$2.17B12.193.79%4.94%3.15%1.96%
SG:U06SG:U0663NeutralSGD 3.96B10.624.29%1.63%4.36%27.58%
SG:F17SG:F1760NeutralSGD 2.40B29.352.03%3.24%-24.16%-12.68%
SG:TQ5SG:TQ560NeutralSGD 3.53B20.551.98%5.00%-21.12%-34.48%
SG:9CISG:9CI59NeutralSGD 11.97B43.162.21%5.00%-15.36%-57.57%
SG:C09SG:C0959NeutralSGD 6.66B7.898.76%4.22%36.24%326.79%

* Real Estate Sector Average

Performance Comparison

0%20%40%SG:TQ5SG:C09SG:U06SG:U14SG:F17SG:9CIDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
SG:TQ5 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SG:TQ5Frasers Property 0.90-0.11-10.89%
SG:C09City Developments 7.340.415.98%
SG:U06Singapore Land Group Limited2.76-0.30-9.89%
SG:U14UOL Group7.900.050.61%
SG:F17GuocoLand Limited2.160.094.35%
SG:9CICapitaLand Investment Limited2.40-0.15-5.70%

Frasers Property Corporate Events

Frasers Property Winds Up Three Inactive Dutch Subsidiaries

Oct 16, 2026

Frasers Property Limited has appointed liquidators to wind up three Netherlands-incorporated indirect subsidiaries, including FPE Investments RE18 B.V., Geneba RE 19 B.V., and Geneba RE 26 B.V. These entities, two of which are wholly owned and one ma...

Frasers Property, Mitsubishi Estate to launch 999-year riverfront landmark in Singapore

Sep 30, 2026

Frasers Property and Japan’s Mitsubishi Estate have formed a 51:49 joint venture to redevelop Valley Point and Fraser Suites Singapore into a luxury 999-year mixed-use riverfront project in District 10. The site, which dates back to 1877 and ha...

Frasers Property shareholders weigh Frasers Hospitality portfolio optimisation

Sep 27, 2026

Frasers Property Limited convened an extraordinary general meeting in Singapore on 28 August 2026, with its board, management and shareholders present physically and via electronic means, to consider a resolution tied to a proposed optimisation of th...

Frasers Property Treasury Issues S$40 Million Notes to Extend Debt Maturities

Sep 18, 2026

Frasers Property Treasury Pte. Ltd., a financing arm of Singapore’s Frasers Property Limited, operates a S$5 billion multicurrency debt issuance programme to support the group’s real estate portfolio and related investments. The issuer&#8...

Frasers Property Completes S$58 Million Note Tender and Plans New 2037 Issue

Sep 14, 2026

Frasers Property Treasury Pte. Ltd., guaranteed by Frasers Property Limited, has accepted S$58 million in aggregate principal amount of existing notes tendered under its invitation, with the offer expiring on 9 September 2026 and no extension planned...

Frasers Property Prices Additional S$1.75 Million Fixed-Rate Notes for 2037 Maturity

Sep 14, 2026

Frasers Property Treasury Pte. Ltd., guaranteed by Frasers Property Limited, has priced an additional S$1.75 million of fixed-rate notes under its S$5 billion multicurrency debt issuance programme, to be consolidated with previously announced New Not...

Frasers Property to Redevelop Yishun 10 into Mixed-Use Hub, Launches Community Heritage Drive

Sep 2, 2026

Frasers Property is deepening its presence in Yishun Central with plans to redevelop Yishun 10, a long-standing suburban mall, into a mixed-use project comprising around 110 residential units above a street-level retail podium. Positioned next to Yis...

Frasers Property Treasury Launches Tender Offer to Extend Debt Maturities

Aug 31, 2026

Frasers Property Treasury Pte. Ltd., the Singapore-based treasury vehicle of Frasers Property Limited, operates a S$5 billion multicurrency debt issuance programme to support the group’s financing needs. Its Singapore-dollar notes, guaranteed b...

Frasers Property to Issue S$150 Million 3.50% Notes Due 2036

Aug 25, 2026

Frasers Property’s wholly-owned subsidiary, Frasers Property Treasury Pte. Ltd., plans to issue S$150 million of fixed rate notes due 2036 under its existing S$5.0 billion multicurrency debt issuance programme. The Series 006 Notes, guaranteed...

Frasers Property Steps Up Capital Recycling and Development to Support Long-Term Earnings

Aug 11, 2026

Frasers Property is pushing ahead with its strategy of creating, sustaining and unlocking value across its diversified portfolio, emphasizing capital recycling, selective landbank replenishment and build-to-core developments. The group maintains a st...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 04, 2026