Home Capital Broker's Calls

Analysts positive on FEHT after recent divestment of Central Square

Lim Hui Jie
Lim Hui Jie12/3/2021 4:57 PM GMT+08  • 3 min read
Analysts positive on FEHT after recent divestment of Central Square
DBS has raised its target price, while CGS-CIMB kept theirs unchanged.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Analysts from both CGS-CIMB Research and DBS Group Research have kept their “buy” or “add” calls on Far East Hospitality Trust (FEHT), with DBS raising their target price..

DBS’s Geraldine Wong and Derek Tan have handed the stock a target price of 78 cents, up from their previous target price of 70 cents, while CGS-CIMB analysts Eing Kar Mei and Lock Mun Yee maintain their target price of 74.5 cents.

FEHT entered into a put and call option agreement with City Developments Limited (CDL) subsidiary CDL Constellation, to divest its interest in Central Square (CS) for $313.2 million, plus an incentive fee of up to $18 million.

This is subject to certain conditions being fulfilled by Dec 31, 2023, including getting provisional permission for a higher mix of residential use.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.