Far East Hospitality Trust - A Better 2022F
FAR EAST HOSPITALITY TRUST (SGX:Q5T)
- Far East Hospitality Trust (SGX:Q5T)’s FY21 distribution per unit of S$0.0263scts (+9.1% y-o-y) came in above expectations.
- 2HFY21 hotel revenue per available room (RevPAR) and serviced residence revenue per available unit (RevPAU) declined y-o-y but improved q-o-q in 4Q21.
- Reiterate ADD call on Far East Hospitality Trust with a higher DDM-based target price of S$0.746. We raise our FY22-23F DPU forecast for Far East Hospitality Trust by 4.4-5.8%, factoring in lower finance expenses.
- Potential acquisitions serve as a re-rating catalyst.
Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
EING Kar Mei CFA CGS-CIMB Research | LOCK Mun Yee CGS-CIMB Research | https://www.cgs-cimb.com 2022-02-15
Read also CGS-CIMB's most recent report:
2022-10-28 Far East Hospitality Trust - A Good Set Of Results.
Previous report by CGS-CIMB:
2022-10-07 Far East Hospitality Trust - Reason For Optimism.
Price targets by 2 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
