Far East Hospitality Trust - CGS-CIMB Research 2022-04-28: Operations Continue To Improve

Far East Hospitality Trust - Operations Continue To Improve

FAR EAST HOSPITALITY TRUST (SGX:Q5T) | SGinvestors.ioFAR EAST HOSPITALITY TRUST (SGX:Q5T)
  • Far East Hospitality Trust (SGX:Q5T)'s 1Q22 income available for distribution grew 17.2% y-o-y, slightly above expectations at 28% of our FY22F forecast, thanks to lower interest expense following the completion of the divestment of Village Residences Clarke Quay (VRCQ)
  • 1Q22 RevPAR/RevPAU increased y-o-y on higher rates and occupancy.
  • We adjust up our FY22-24F DPU estimates for Far East Hospitality Trust by 4.7-5.8% on lower interest expense due to lower debt level. Consequently, our DDM-based target price for Far East Hospitality Trust (SGX:Q5T) is raised to S$0.78.
  • We believe Far East Hospitality Trust will continue to benefit from the expected increase in tourist arrivals following Singaporeā€™s relaxation of border restrictions.




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/.




LOCK Mun Yee CGS-CIMB Research | https://www.cgs-cimb.com 2022-04-28



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 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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