Frasers Hospitality Trust

17 hot stock picks following a season of strong 2Q gains

SINGAPORE (Aug 17): UOB Kay Hian has upgraded its FTSE Straits Times Index (FSSTI) target forecasts up to 3,410 from 3,250 previously on “pockets of solid outperformances”  in the 2Q17 financial reporting season, which concluded this week.  

In a Thursday report, analyst Andrew Chow recaps on what he calls an encouraging 2Q17 reporting season, which saw 28% of companies reporting results that exceeded UOB’s expectations versus 24% in the previous quarter – with the beats concentrated on banks and technology/exporters.

Keppel, ISOTeam, FHT, AHT, OUE C-REIT

SINGAPORE (Jan 27): Here are some stocks that could move the market this Friday morning.

Keppel Corp posted a 49% on-year drop in earnings to $784 million for FY16 ended Dec, the lowest annual profit in a decade. Full-year revenue fell 34.3% to $6.8 billion while operating profit fell 47.5% to $795 million. Shares of Keppel closed 12 cents lower at $6.39.

Frasers Hospitality Trust gearing up for opportunities

SINGAPORE (Dec 15):  DBS Group Research says Frasers Hospitality Trust is in a stronger position to pursue acquisition opportunities following its recent pre-emptive rights issue.

“We believe the increased free float post the recent rights issue should help allay investor concerns about its trading liquidity, thereby compressing FHT’s yield overtime,” says DBS lead analyst Mervin Song in a Wednesday report.

Frasers Hospitality Trust’s target price slashed following rights issue

SINGAPORE (Sept 23): UOB Kay Hian is keeping Frasers Hospitality Trust on “buy” but has cut its target price to 81 cents, from $1.01 previously, to factor in a “heightened risk profile”.

The research house says it has adjusted its model to factor in FHT’s recently-announced 32 for 100 rights issue to raise $266.3 million to finance the acquisition of Novotel Melbourne.

“We lower our FY16F DPU estimate by 3% and that for FY17 and FY18 by 12- 13%, after factoring in the dilution from the acquisition,” says UOB lead analyst Derek Chang in a Thursday report.

Frasers Hospitality Trust undertakes rights issue to fund $245 mil acquisition of Novotel Melbourne on Collins

SINGAPORE (Sept 10): Frasers Hospitality Trust (FHT) is undertaking a rights issue to raise $266.3 million to fund the acquisition of hotel Novotel Melbourne on Collins plus 72 car park lots for a total consideration of A$237 million ($245.4 million).

FHT’s trustee and manager will issue 441.5 million new stapled securities at 60.3 cents per unit. Eligible FHT stapled securityholders can subscribe to 32 new stapled securities for every 100 units they hold. The issue price represents a discount of 23.7% to FHT’s closing price of 79 cents on Friday.

Stock picks for investors seeking shelter from Brexit: UOB

SINGAPORE (June 27): UOB is recommending investors seek shelter in dividend-yielding stocks such as Singtel, ST Engineering, SPH, SATS, REITs and plantation companies on the back of continuing market volatility in the aftermath of Brexit, according to a report issued on Monday.

Within the REIT space, UOB recommends investors seek refuge in defensive REITs that have no exposure to Europe. These include Parkway Life REIT, Frasers CT and Mapletree Industrial Trust, with target prices of $2.38, $2.15 and $1.61 respectively.

Where will Brexit leave Singapore investors? UOB has some tips

UK flags

SINGAPORE (June 17): Despite the threat of Brexit, UOB says it is maintaining its “buy” recommendation on four companies with significant exposure to the United Kingdom: Ho Bee Land, ComfortDelGro, Frasers Hospitality Trust, and City Developments.

Be informed of the stories that matter

Subscribe

Be informed of the stories that matter