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Analysts positive on FEHT as operations and DPU improve

Lim Hui Jie
Lim Hui Jie4/29/2022 03:12 PM GMT+08  • 8 min read
Analysts positive on FEHT as operations and DPU improve
Analysts expect the REIT to be a strong recovery play. Photo Credit: FEHT
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Analysts from five brokerages have all given “buy” or “add” calls to Far East Hospitality Trust, with CGS-CIMB Research, Maybank Securities and UOB Kay Hian raising their target prices.

CGS-CIMB has raised its target price from 75 cents to 78 cents, while Maybank upped has upped its target price from 70 cents to 80 cents. UOB Kay Hian has raised its target price from 76 cents to 82 cents.

DBS Group Research has kept its target price unchanged at 78 cents, while Citi Research has given the trust a target price of 70 cents.

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