The trust’s performance in the latest quarter “threw no surprises” with its distribution per stapled security (DPS) of 0.97 cent, say analysts Yeo Zhi Bin and Lock Mun Yee in a Monday report, with its serviced residences (SRs) segment continuing to be impacted by the slowdown in corporate demand despite a q-o-q improvement.
SINGAPORE (Aug 7): CIMB Research is maintaining its “hold” rating on Far East Hospitality Trust with an unchanged price target of 66 cents on an “as-it-is” basis, after the REIT’s 2Q17 results came in broadly in line with the research house’s expectations.
