Far East Hospitality Trust (FEHT)

Broker's Digest: Japfa, Cromwell European REIT, FEHT, Mapletree Industrial Trust, Micro-Mechanics, Venture Corp - THE EDGE SINGAPORE

Broker's Calls

Broker's Digest: Japfa, Cromwell European REIT, FEHT, Mapletree Industrial Trust, Micro-Mechanics, Venture Corp

Japfa
Price target:
CGS-CIMB “add” $1.22
UOB Kay Hian “buy” $1.17

Spreading its eggs in several baskets

Far East Hospitality Trust reports 8.4% y-o-y dip in NPI in 1Q21 business update - THE EDGE SINGAPORE

Results

Far East Hospitality Trust reports 8.4% y-o-y dip in NPI in 1Q21 business update

Far East Hospitality Trust (FEHT) has posted 1QFY2021 ended March distributable income of $12.5 million, down 1% y-o-y from $12.7 million previously.

FEHT secures first sustainability-linked loan facility of $125 mil from OCBC - THE EDGE SINGAPORE

Green loans

FEHT secures first sustainability-linked loan facility of $125 mil from OCBC

Far East Hospitality Trust (FEHT) has secured its first sustainability-linked loan facility worth $125 million on March 29.

FEHT receives outline advice on redevelopment of Central Square - THE EDGE SINGAPORE

REITs

FEHT receives outline advice on redevelopment of Central Square

The manager of Far East Hospitality Trust (FEHT) has announced that it has received an outline advice from the Urban Redevelopment Authority (URA) in relation to the redevelopment of Cent

Kinship with a view - THE EDGE SINGAPORE

TOURISM

Kinship with a view

Far East Hospitality defies the pandemic with the launch of The Clan Hotel, a 30-storey business hotel at Telok Ayer that weaves its cultural capital into modern destination travel

Worst is over for Singapore hospitality sector but bumpy road to recovery lies ahead, says OCBC - THE EDGE SINGAPORE

Broker's Calls

Worst is over for Singapore hospitality sector but bumpy road to recovery lies ahead, says OCBC

Singapore hospitality REITs can expect a gradual recovery ahead, though a lot will depend on the rollout of vaccines and the reopening of borders globally.

Far East Hospitality Trust posts 30.7% lower DPS of 1.38 cents for 2H20 - THE EDGE SINGAPORE

Results

Far East Hospitality Trust posts 30.7% lower DPS of 1.38 cents for 2H20

The manager of Far East Hospitality Trust (FEHT) reported a distribution per stapled security (DPS) of 1.38 cents for the 2QFY2021 ended December, 30.7% lower than DPS of 1.99 cents.

These REITs could ride the market recovery - THE EDGE SINGAPORE

Broker's Calls

These REITs could ride the market recovery

As financial markets continue to rebound from the impact of Covid-19, several Singapore-listed REITs (S-REITs) could ride on the recovery, according to analysts.

959 Brokers' Digest - THE EDGE SINGAPORE

Broker's Calls

959 Brokers' Digest

Starburst Holdings

Price target:

UOB Kay Hian “buy” 61 cents

Strong turnaround amid growing military spending

Far East Hospitality Trust reports 36.4% lower NPI in 3Q business update - THE EDGE SINGAPORE

Results

Far East Hospitality Trust reports 36.4% lower NPI in 3Q business update

Far East Hospitality Trust (FEHT) has reported gross revenue of $20.6 million for 3QFY2020, down 33.2% from the $30.9 million a year ago.

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