Far East Hospitality Trust - DBS Research 2021-12-03: Unearthing Hidden Gold From Its Portfolio

Far East Hospitality Trust - Unearthing Hidden Gold From Its Portfolio

FAR EAST HOSPITALITY TRUST (SGX:Q5T) | SGinvestors.ioFAR EAST HOSPITALITY TRUST (SGX:Q5T)
  • Sale of Village Residence Clarke Quay crystallised NAV. We believe that the market has not priced in the sale of the property that accounts for 8% of Far East Hospitality Trust (SGX:Q5T)'s assets. The transacted price at ~58% premium to NAV is a surprise and a key catalyst for Far East Hospitality Trust.
  • Far East Hospitality Trust's gearing will drop to ~33.%, empowering the REIT with gearing capacity to fund acquisitions.
  • Far East Hospitality Trust is trading at a 0.8x or 0.7x of its revalued book, placing the stock at close to its -1 standard deviation, a level which we believe presents good value to re-enter the stock.
  • Revision of estimates and raising our target price for Far East Hospitality Trust to S$0.78.




Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.




Geraldine WONG DBS Group Research | Derek TAN DBS Research | https://www.dbsvickers.com/ 2021-12-03



Read also DBS's most recent report:
2022-10-28 Far East Hospitality Trust - Variable Hotel Rents Re-emerge!.

Previous report by DBS:
2022-08-05 Far East Hospitality Trust - On Track To Hit Pre-Pandemic DPUs Next Year.

Price targets by other brokers at Far East Hospitality Trust Target Prices.
Listing of research reports at Far East Hospitality Trust Analyst Reports.

Relevant links:
Far East Hospitality Trust Share Price History,
Far East Hospitality Trust Announcements,
Far East Hospitality Trust Dividends & Corporate Actions,
Far East Hospitality Trust News Articles















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