In an August 13 report, Koh highlighted that FEHT’s fixed rents from its master leases would allow it to weather a bumpy recovery, driven by Singapore’s border reopening. Slated for 4Q2021, the initial recovery would be modest, eventually becoming more broad-based in 2H2022.
UOB Kay Hian analyst Jonathan Koh has maintained his “buy” call on Far East Hospitality Trust (FEHT).
Catalysts to the counter's share price include recovery in occupancy, average daily room rate and RevPAR in 2022, as well as the acquisition of the remaining 70% stake of three Sentosa hotels, says Koh.
