In a Friday report, OCBC lead analyst Deborah Ong says she sees overall revenue per available room (RevPAR) picking up further into the year, given that much of the previous year’s hotel room supply injection was backend-loaded.
SINGAPORE (Apr 27): OCBC and CIMB are maintaining their “buy” and “add” calls on Far East Hospitality Trust (FEHT) with a fair value and target price of 73.5 cents and 79 cents, respectively, after its manager on Thursday announced a 1Q18 distribution per stapled security (DPSS) of 0.94 cent.
