Straits Times Index
3,378.29 -15.92 (-0.47%) S&P 500
4,046.59 -23.97 (-0.59%) Dow
33,952.48 -25.60 (-0.08%) Nasdaq
11,479.34 -142.37 (-1.23%) BTC-USD
23,235.86 -311.32 (-1.32%) CMC Crypto 200
525.79 -12.09 (-2.25%)
Far East Hospitality Trust (Q5T.SI)
- EdgeProp
Far East Hospitality Trust a 'pure play' on room rate recovery: UOB Kay Hian
With the recovery gathering pace, FEHT's hotel RevPAR is expected to increase 51% to $135 in 2023 and 5% to $142 in 2024. Photo: FEHTSINGAPORE (EDGEPROP) - UOB Kay Hian Research analyst Jonathan Koh has maintained his “buy” call for Far East Hospitality Trust (FEHT) with a target price (TP) of 71 cents.Read also: Far East Hospitality Trust completes $313.2 mil divestment of Central SquareIn his report dated Nov 28, Koh says that FEHT is a pure play on the recovery of room rates in Singapore, wit
- EdgeProp
Far East Hospitality Trust completes $313.2 mil divestment of Central Square
Far East Hospitality Trust completes $313.2 mil divestment of Central Square (Photo: Samuel Isaac Chua/The Edge Singapore)SINGAPORE (EDGEPROP) - Far East Hospitality Trust has completed a $313.2 million divestment of Central Square to City Developments (CDL) on March 24. This amount is 70.8% more than the $183.3 million it paid for in August 2012. It could also potentially receive an incentive fee of up to $18 million, subject to certain conditions.See also: Far East Hospitality Trust secures fi
