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Frasers Hospitality Trust (FHT)
REITs
Frasers Hospitality Trust removed from FTSE Singapore All Cap Index
No further changes have been made to the index.
March 23, 2022
Broker's Calls
Brokers' Digest: Digital Core REIT, CDLHT, Micro-Mechanics, Dairy Farm International, FHT, Lian Beng Group
See the analysts' recommendations and target prices here.
December 09, 2021
Broker's Calls
FHT portfolio rejuvenation efforts kick off: DBS
DBS Group Research analysts Geraldine Wong and Derek Tan maintain a “buy” rating on Frasers Hospitality Trust (FHT).
December 07, 2021
Property
Frasers Property to divest Sofitel Sydney Wentworth for $309.1 mil
The net proceeds from the divestment are estimated to be at A$282.5 million.
October 29, 2021
Results
Frasers Hospitality Trust reports 29.7% lower FY2021 DPS of 0.9831 cents
Unitholders will be receiving their distributions on Dec 29.
October 29, 2021
Broker's Calls
FHT 'remains attractive' at current price, deemed as 'laggard no more': DBS
The analysts have reduced their target price to 65 cents from 70 cents on the back of a cut in earnings estimates.
May 06, 2021
Results
Frasers Hospitality Trust reports 46% y-o-y drop in DPS for 1H21 to 0.179 cents
FHT retained $5.2 mil or 60% of distributable income to conserve cash.
April 30, 2021
New appointments
FHT managers appoint Eu Chin Fen as new CEO
Eu is currently the chief investment officer (CIO) and has held the role since July 2019.
April 08, 2021
Results
Frasers Hospitality Trust records lower RevPAR across all portfolios in 1Q21 business update, says it remains 'confident' in long-term fundamentals of the market
FHT as at Dec 31, 2020, has 15 properties in nine cities and an appraised portfolio value of $2.25 billion.
January 28, 2021
Company in the news
Colin Low resigns as CEO of Frasers Hospitality Trust's manager
Low’s resignation will take effect from April 10. The managers are in the midst of finding his successor.
January 27, 2021