- We initiate coverage on Far East Hospitality Trust with a BUY rating and a target price of S$0.79 based on DDM valuation, COE of 6.5%, and terminal growth of 1.5%. We expect a DPU of S$0.0379 for FY23e and S$0.0395 for FY24e, translating into yields of 5.6% and 5.8% respectively.
About Far East Hospitality Trust (FEHT)
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- Far East Hospitality Trust's Sponsor, Far East Organization is the largest private property developer in Singapore.
Key Investment Merits
Riding on the leisure recovery.
- Read more at SGinvestors.io.
Above is the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @ https://www.stocksbnb.com/.
Liu Miao Miao Phillip Securities Research | https://www.stocksbnb.com/ 2024-01-08
Read also Phillip's most recent report:
2024-05-02 Far East Hospitality Trust - Higher RevPAR By Ramping Up Occupancy.
Previous report by Phillip:
2024-02-15 Far East Hospitality Trust - Mega Events To Drive Revpar Recovery.
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
