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Frasers Hospitality Trust IPO units at 88 cts each

Acquisition pipeline provides potential for its asset portfolio to swell

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On Wednesday morning, Credit Suisse initiated an "underperform" call on the stock, with a target price of S$1.80 a share. It cited under-estimated risks from portfolio shifts and greater competition in the liftboat market - PHOTO: REUTERS

FRASERS Hospitality Trust (FHT), which will start trading on the Singapore Exchange this month, could be making another acquisition as early as in the next 15 to 18 months. Besides an initial portfolio of 12 hospitality assets worth $1.67 billion, it has the right of first refusal (ROFR) to