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
SGX Stock Analyst Report BUY MAINTAIN BUY 0.78 UP 0.700




Previous report by DBS Research:
2021-03-31 Far East Hospitality Trust - Extracting Hidden Gold Within The Portfolio; En-bloc Potential Of Village Residence Clarke Quay

Target prices by 3 other brokers at Far East Hospitality Trust Target Prices.
Listing of broker reports at Far East Hospitality Trust Analyst Report.

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





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