With the exception of a newly-acquired hotel in Nagoya, FEHT's portfolio consists entirely of Singapore-based hotels, accounting for more than 95% by portfolio value.
Geraldine Wong of DBS Group Research has turned more bullish on Far East Hospitality Trust. On top of her "buy" call, she has raised her target price for this counter to 75 cents from 70 cents, citing its exposure to the ongoing recovery of the Singapore tourism industry.
In addition, she sees value-unlocking potential, which will provide further upside.
