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Frasers Hospitality Trust| BUY

Feb 2 close: S$0.895

Target price: S$0.94

DBS Equity Research, Feb 2

FRASERS Hospitality Trust's maiden results for the period between July 14 and Dec 31, 2014, were in line with expectations. Distribution per unit of 2.97 Singapore cents (which includes as yet un-repatriated income from Japan), however, beat initial public offering forecasts by 5.3 per cent.

Going forward, the trust's geographical diversification should see balanced and stable income through the remaining...

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