Far East Hospitality Trust (FEHT)

SGX explains why Singapore is Asia's largest global REIT platform
(May 6): On March 27, during Manulife US Real Estate Investment Trust’s Investor Day event, Ronald Tan, director of Equity Capital Market at the Singapore Exchange, asked the audience a few questions. It was to gauge the public’s reception to various asset classes. Who would want another office REIT, Tan asked. Almost the entire audience of 400 raised their hands. MUST is an office REIT and ...
FEHT kept at ‘buy’ by both CGS-CIMB and Maybank on ‘cautious optimism’
SINGAPORE (Apr 29): CGS-CIMB Securities and Maybank Kim Eng are maintaining their “buy” calls on Far East Hospitality Trust (FEHT) with target prices of 71 cents and 80 cents respectively. Although off to a slow start in 1Q19, CGS-CIMB says the hospitality REIT should gain on lower cost of equity assumption due to a more benign interest rate outlook while Maybank says FEHT’s business ...
Far East Hospitality Trust declares 3.2% lower 1Q DPS of 0.91 cent
SINGAPORE (Apr 25): The manager of Far East Hospitality Trust (FEHT) has declared 1Q19 DPU of 0.91 cent, 3.2% lower than 0.94 cent in 1Q18. Income available for distribution also saw a slight 1.2% decrease to $17.4 million from $17.6 million a year ago. As at Mar 31, the trust’s portfolio includes 13 properties consisting of nine hotels and four serviced residences (SR) located in ...
ART, FEHT downgraded to 'hold' by OCBC; hospitality sector grapples with weak RevPAR
SINGAPORE (Apr 16): OCBC Investment Research has downgraded its recommendations for both Ascott Residence Trust (ART) and Far East Hospitality Trust (FEHT) to “hold” from “buy”, after a strong rally so far this year for the two hospitality REITs. “ART and FEHT have inched up toward our fair value,” says lead analyst Deborah Ong in a Monday report. “As our fair values for each ...
FEHT downgraded to 'hold' on slowdown in upscale and mid-tier hotel RevPAR
SINGAPORE (Apr 16): “According to channel checks as well as Singapore Tourism Board (STB) data, we are likely looking at a soft 1Q19 for SG hotels,” says OCBC Investment Research analyst Deborah Ong in a Monday report. The STB data reflected poor RevPAR performance from upscale and mid-tier hotels for Jan-Feb 2019. Upscale hotels posted -3.8% and -6.5% y-o-y RevPAR growth for Jan and Feb ...
12 stocks that could get a boost from IR 2.0
SINGAPORE (Apr 5): The $9 billion investment to renew and refresh Singapore’s two integrated resorts (IRs) could provide some vibrancy to the domestic economy in the next few years and whip up some optimism in the city-state, says CGS-CIMB Research. “The economic implication of this transformation will first be felt in the construction sector before having a multiplier effect on the rest ...
Brokers unanimously bullish on Far East Hospitality Trust after a stellar 4Q
SINGAPORE (Feb 14): DBS Group Research, CGS-CIMB Securities and Maybank Kim Eng are maintaining their “buy” calls on Far East Hospitality Trust with the respective price targets of 70 cents, 68 cents and 75 cents. This comes after the REIT manager on Wednesday posted a 3.1% increase in 4Q distribution per stapled security (DPS) to 1 cent, with expectations for the trust to enjoy even ...
Far East Hospitality Trust posts 3.1% increase in 4Q DPU to 1.0 cent
SINGAPORE (Feb 13): The manager of Far East Hospitality Trust posted a 3.1% increase in its 4Q18 DPS to 1.00 cent from 0.97 cent in 4Q17. This came on the back of a 4.9% increase in income available for distribution to $19.1 million from $18.2 million a year ago. The DPS for FY18 came in at 4.0 cents, 2.6% higher than 3.90 cents in FY17. Gross revenue for the quarter was 12.4% higher at ...
2019 will be a good year for hospitality, but risks from trade tensions remain: OCBC
SINGAPORE (Jan 16): OCBC Investment Research is maintaining “overweight” on Singapore’s hospitality sector as it sees value in some of the hospitality REITs under its coverage at their current unit prices. OUE Hospitality Trust (OUE HT), Far East Hospitality Trust (FEHT) and Ascott Residence Trust (ART) are OCBC’s top “buy” picks with fair value estimates of 79 cents, 67.5 cents ...
Far East Hospitality Trust kept at 'buy' at DBS and OCBC on recovery signs
SINGAPORE (Oct 31): DBS Group Research and OCBC Investment Research are maintaining Far East Hospitality Trust (FEHT) at “buy” after 3Q18 results shows further evidence that DPU is on a recovery path. Gross revenue increased 11.1% y-o-y to $30.5 million, due to an increase in hotel master lease rental and contribution from Oasia Hotel Downtown. Net property income increased 11.8% y-o-y to ...