UOB Kay Hian analyst Jonathan Koh has maintained his “buy” call and target price of 71 cents for Far East Hospitality Trust (FEHT), forecasting a recovery for the stock.

In a Nov 1 report, Koh observes that FEHT reported distributable income of $13.5 million for its 3QFY21 (up 12.5% y-o-y), which was in line with expectations.

Its hotel segment enjoys stability from fixed rents, Koh highlights, with revenue from hotels being unchanged at $14.3 million with downside protection from its fixed rents. 

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook