Far East Hospitality Trust FY23 Report | SGX Company Insights | 15 February 2024
Miaomiao Liu, a Research Analyst at Phillip Securities Research, will cover the result report on Far East Hospitality Trust, dated 15th February 2024, and tilted “Mega events to drive RevPAR recovery.”
FEHT is currently trading at FY24e dividend yields of 6.8% and 0.7x P/NAV. We expect revenue to be supported by RevPAR recovery and potential inorganic growth. Our DDM-TP remains unchanged at S$0.79, with projected FY24-25e DPUs of 4.35 to 4.45 cents.
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