Among the REITs, the top four performers were hospitality trusts. This is because they are rebounding from a very tough pandemic. On May 13, Frasers Property (FPL) announced the offer to privatise Frasers Hospitality Trust (FHT) at 70 cents, which is 1.07x its net asset value of 65 cents as at Sept ...

Analysts understand that to indicate that four malls are up for sale. These are Jurong Point, a 50% stake in NEX, AMK Hub and 110,000 sq ft of strata space at Thomson Plaza. “Collectively, the 1.5 million sq ft net lettable area (NLA) of retail space could cost in excess of $4 billion and offer po...

Hospitality trusts listed on the SGX have experienced a challenging and sometimes turbulent 16 years since the IPOs of the initial trusts, Ascott Residence Trust (ART) in March 2006, and CDL Hospitality Trusts (CDLHT) in July of the same year.Nothing quite impacted the hospitality sector more than C...

Frasers Hospitality Trust (FHT) was among the better managed hospitality trusts in the sector, with strong commitment from its sponsor. Back in 2016, Frasers Property (FPL) and the TCC Group, which together held some 63% in FHT, had supported the latter during an equity fundraising.Yet, FPL is now o...

SOME investors will almost certainly gripe about not being offered a high enough price. And, there could be some hand-wringing about the local market losing good listings because of pitifully low valuations.

STAPLED securityholders of Frasers Hospitality Trust (FHT) should accept the privatisation offer from Frasers Property as it provides an attractive exit valuation, Maybank said.

Frasers Property’s (FPL) proposal to take Frasers Hospitality Trust (FHT) private through a trust scheme of arrangement offers existing FHT unitholders an opportunity to unlock value, says CGS-CIMB Research analyst Lock Mun Yee. This is as the scheme consideration is at a premium to its book v...

THE following companies saw new developments that may affect trading of their securities on Tuesday (Jun 14):

FRASERS Property Hospitality Trust Holdings, a wholly-owned subsidiary of Frasers Property, is proposing to privatise Frasers Hospitality Trust (FHT) through a trust scheme of arrangement.

Maybank Securities analyst Chua Su Tye has advised investors to accept Frasers Hospitality Trust’s (FHT) privatisation offer.On June 13, Frasers Property (FPL) and the manager of FHT announced that they were seeking to privatise the hospitality trust via a scheme of arrangement with an offer of 70...