Far East Hospitality Trust - Phillip Securities 2024-01-08: Resilient Balance Sheet & Ready To Acquire

• 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 an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Read also Phillip's most recent report:
2025-05-02 Far East Hospitality Trust - Lower Hospitality Contribution Due To High Base Effect.

Previous report by Phillip:
2025-02-13 Far East Hospitality Trust - RevPAR Growth Is Expected To Continue In FY25e.

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 Dividend Payout Dates & Corporate Actions,
Far East Hospitality Trust News