SINGAPORE (July 20): UOB Kay Hian is initiating coverage with a “buy” call on Singapore-based REIT Frasers Hospitality Trust (FHT) with a target price of 58 cents on the resumption of domestic travel.

Analysts Nicola Ho and Jonathan Koh are positive on the REIT as its operations are expected to recover in the coming months due to the opening of domestic borders across the nine key gateway cities it has exposure to, in Asia, Australia, and Europe.

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