FEHT had received outline advice from the Urban Redevelopment Authority (URA) in relation to the redevelopment of Central Square, which comprises a serviced residence and commercial spaces, back in March.
In Sept 7 research note, CGS-CIMB Research analysts Eing Kar Mei and Lock Mun Yee have reiterated their “add” call for Far East Hospitality Trust (FEHT) with an unchanged target price of 74.5 cents.
Eing and Lock are positive on FEHT as they view that the market has not priced in the potential divestment of Central Square.
