Brokers' take
Far East Hospitality Trust | Reduce
Feb 12 close: S$0.84
Target price: S$0.76
CIMB Research, Feb 12
THE Q4-14 results of Far East Hospitality Trust (FEHT) were in line, with Q4 distribution per unit (DPU) accounting for 24 per cent of our forecast and full-year DPU comprising 97 per cent of our forecast. This quarter's result has proved to be weak amid a challenging mid-tier hotel segment and slower corporate demand in the service apartment sector.
As the market continues to digest last year's supply, and about 750 mid-tier rooms are scheduled to come into service in the Orchard vicinity by H1-15, we expect FEHT's Or…
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