Home Capital Broker's Calls

Downtown acquisition could give Far East Hospitality a lift, says OCBC

Stanislaus Jude Chan
Stanislaus Jude Chan11/7/2017 11:32 AM GMT+08  • 2 min read
Downtown acquisition could give Far East Hospitality a lift, says OCBC
SINGAPORE (Nov 7): OCBC Investment Research is keeping its “hold” call on Far East Hospitality Trust (FEHT) with a slightly lower fair value estimate of 65 cents, from 66 cents previously.
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.

SINGAPORE (Nov 7): OCBC Investment Research is keeping its “hold” call on Far East Hospitality Trust (FEHT) with a slightly lower fair value estimate of 65 cents, from 66 cents previously.

This comes after FEHT in the 3Q ended September posted an 8% decline in distribution per stapled security (DPS) to 1.03 cents, from 1.12 cents a year ago.

However, OCBC lead analyst Deborah Ong notes that the quarterly distribution was within expectations, making up 26.1% of the research house’s full-year forecast.

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.