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Far East Hospitality Trust off to a steady start despite soft corporate demand, say analysts

Michelle Zhu
Michelle Zhu4/27/2018 12:20 PM GMT+08  • 3 min read
Far East Hospitality Trust off to a steady start despite soft corporate demand, say analysts
SINGAPORE (Apr 27): OCBC and CIMB are maintaining their “buy” and “add” calls on Far East Hospitality Trust (FEHT) with a fair value and target price of 73.5 cents and 79 cents, respectively, after its manager on Thursday announced a 1Q18 distribu
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SINGAPORE (Apr 27): OCBC and CIMB are maintaining their “buy” and “add” calls on Far East Hospitality Trust (FEHT) with a fair value and target price of 73.5 cents and 79 cents, respectively, after its manager on Thursday announced a 1Q18 distribution per stapled security (DPSS) of 0.94 cent.


See: Far East H-Trust posts 1Q DPSS of 0.94 cent, up 1.1% y-o-y

In a Friday report, OCBC lead analyst Deborah Ong says she sees overall revenue per available room (RevPAR) picking up further into the year, given that much of the previous year’s hotel room supply injection was backend-loaded.

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