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Brokers' take

Published Wed, Jun 12, 2019 · 09:50 PM

Far East Hospitality Trust | Hold (maintained) June 12 close: S$0.64 Fair value: S$0.67 OCBC Investment Research, June 12

Far East Hospitality Trust (Far East H-Trust) has underperformed the FTSE Straits Times Reits Index by 8.8 percentage points since our downgrade from "Buy" to "Hold" on April 15.

Singapore Tourism Board's April numbers reflect decent visitor growth but a generally disappointing revenue per available room (RevPAR) performance for the first month of Q2.

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