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.
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