Eagle Hospitality Trust (EHT)

Although the managers claim EHT has “sufficient funds” to pay out the distribution in full, the managers have decided to defer any action to pay the funds for settlement of the distribution for now.

Since its debut on the SGX in May last year, units in EHT have plummeted some 82.4% from its IPO price of 78 US cents.

“The lack of clarity and information is the main problem for investors. You don’t really know what’s happening,” says KGI analyst Amirah Yusoff.

Eagle Hospitality Trust has missed its IPO forecasts for 4Q19. Since its IPO in May last year, the counter has sunk some 32%.

Singapore (Dec 9): Eagle Hospitality Trust (EHT) has released a statement today defending its property the Queen Mary, a cruise liner that was converted into a hotel. The statement, it added, is to provide context and clarification to an article published

EHT also booked a distribution per stapled security (DPS) of 1.649 US cents, 1.3% less than the forecasted 1.67 US cents. In its earnings call on Sept 30, the REIT’s manager said the misses were attributable to the group’s 10.6% revenue drop to US$

(Nov 18): Yields on 10-year Singapore Government Securities have been rising, albeit gently from a low base (see Chart 1). Similarly, yields on 10-year US Treasuries are also rising, from a low of 1.4% in September to 1.945% as at Nov 11 (see Chart 2). On

SINGAPORE (Nov 6): Eagle Hospitality Trust’s manager has clarified that it does have clean title to the Queen Mary Long Beach ground lease which comprises a ship and the adjacent car park.

SINGAPORE (Nov 3): Since August, Claydon Hill Investments and Compass Cove Assets have been selling their stakes in Eagle Hospitality Trust.  On Nov 2, EHT’s manager announced that Claydon Hill Investments subscribed to 141.44 million units at IPO, Com

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