SINGAPORE (Feb 3): Far East Hospitality Trust’s (FEHT) distribution per unit (DPU) in 2020 is expected to be hit as a result of the coronavirus outbreak, according to DBS Group Research.

This comes as Singapore recently initiated a travel ban on all China passport holders and foreigners who have visited China in the past 14 days.

Given that 70% of FEHT’s revenue is derived from the local market, DBS believes its operations would be “adversely impacted”.

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