BT Mark to Market: What’s next for Frasers Hospitality Trust? (Ep 23)

Published Mon, Sep 19, 2022 · 05:50 AM

Now that Frasers Hospitality Trust has failed to privatise, what's to happen next? BT Design

Synopsis: Listen to Senior Correspondent Ben Paul’s analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times.

What might have motivated minority holders of FHT’s stapled securities to vote against the proposed privatisation of Frasers Hospitality Trust and what’s next for the trust? Ben Paul finds out.

Highlights: (click/tap above)

02:34 Privatisation was proposed to address poor performance

07:28 Why minority investors might have voted against the deal

09:33 FHT appears to be suffering from flaws in its overall strategy

DECODING ASIA

Navigate Asia in
a new global order

Get the insights delivered to your inbox.

11:49 Broad reconstitution of FHT’s portfolio could be necessary

Produced by: Ben Paul (benpaul@sph.com.sg), Howie Lim and Claressa Monteiro

Edited by: Howie Lim

Frasers Property should go private to address its depressed stock

The superior bedroom in Capri by Fraser China Square. Only 74.88 per cent of shareholder votes were cast in favour of the take-private resolution; 75 per cent is required.

Frasers Hospitality Trust privatisation bid falls shy of required 75% approval in scheme meeting

Intercontinental Hotel Singapore is one of the 12 properties in FHT's initial IPO portfolio.

FHT’s failed privatisation not a complete surprise as unitholders bet on tourism recovery

FHT owns 14 assets, including the Intercontinental Hotel Singapore (pictured). Its operations face headwinds from an economic slowdown and currency fluctuations.

FHT privatisation offers value for FHT’s securities holders but not shareholders of Frasers Property

In Singapore, RevPAR for the 9 months climbed 32.4 per cent to S$159 from S$120.

FHT sees improvement in portfolio performance led by UK recovery

Follow BT Mark To Market podcasts and rate us at:

Channel: http://bt.sg/btmark2mkt

Apple Podcasts: https://bt.sg/4DJp

Spotify: https://bt.sg/4DJN

Google Podcasts: http://bt.sg/4D2E

Website: http://bt.sg/mark2mkt

Feedback to: podcast@sph.com.sg

Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.

---

Discover more BT podcast series:

BT Money Hacks: http://bt.sg/btmoneyhacks

WealthBT: https://bt.sg/btwealthbt

PropertyBT: https://bt.sg/btpropertybt

BT Podcasts: http://bt.sg/pcOM

BT Market Focus: http://bt.sg/btmktfocus

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

BT Podcasts BT Correspondents frasers hospitality trust Privatisation

Reuse this content Feedback