Maybank Kim Eng analyst Chua Su Tye has kept his “buy” call and 70 cents target price on Far East Hospitality Trust.

For 1HFY2021, FEHT’s distribution per unit was up 6.8% y-o-y to 1.1 cents but down 1% over the preceding half year, excluding distribution top-ups in 2H20.

Revenue in the same period dropped by 6.1% to $41.6 million and net property income down 6.2% to $36.2 million, as room rates eased.

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