Amid slow recovery forecasted for 2021, Far East Hospitality Trust continues to be bolstered by “transient demand” and high proportion of minimum fixed rent from its master lease, says Maybank analyst Chua Su Tye in a Nov 1 note.
Chua is recommending ‘buy’ on the REIT with a target price of 60 cents.
“FEHT’s Singapore-focused operations in 3Q20 continued to be bolstered by transient demand originating from travel and border restrictions, with occupancies for its hotels and serviced residences (SRs) high at 87% to 97%,” says Chua.
