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Rally in Frasers Hospitality not over, says DBS who sees recovery in sector

PC Lee
PC Lee7/31/2017 3:9 PM GMT+08  • 2 min read
Rally in Frasers Hospitality not over, says DBS who sees recovery in sector
SINGAPORE (July 31): DBS is maintaining its “buy” call on Frasers Hospitality Trust (FHT) with a revised target price of 83 cents.
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SINGAPORE (July 31): DBS is maintaining its “buy” call on Frasers Hospitality Trust (FHT) with a revised target price of 83 cents.

FHT has a portfolio of quality hotels and a successful acquisition track record such as the purchase of Sofitel Sydney Wentworth but investor interest at times has been muted.

“While FHT’s share price has risen as we had anticipated on the back of an increase in free float post the recent rights issue, the rally is not over in our view as investor interest in FHT still remains high,” says analyst Mervin Song in a Monday report.

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