SINGAPORE (June 15): CIMB Research is maintaining its “hold” call on Far East Hospitality Trust (FEHT) on an “as is” basis with a higher price target of 63 cents from 57 cents previously due to a sector-wide fall in Singapore’s discount rate.
In a Wednesday report, analysts Yeo Zhi Bin and Lock Mun Yee recommend FEHT as a tactical trade with relatively better returns as compared to that of CDL Hospitality Trusts (CD REIT) – as projected total returns for CD REIT have been revised to 0%, whereas FEHT has an estimated 9%.
CD REIT has been rated “hold” with a $1.52 price target.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)