Broker: Lim & Tan Securities
Date of Report: 30 July 2026
Excerpt from Lim & Tan Securities report.
Report Summary
- Far East Hospitality Trust (FEHT) (\$0.59, unchanged)
- Action: Accumulate
- Target Price: \$0.73 (23.7% upside)
- Key Insights: 1H26 DPU at 1.63 cents (down YoY due to absence of divestment gains, but higher core DPU driven by lower finance costs). Resilient Singapore portfolio, improved occupancy for both hotels and serviced residences. Outlook supported by pipeline of major events (F1 Grand Prix, BTS concert). Geopolitical tensions may weigh on short-term travel demand, but fundamentals remain strong.
- Sheng Siong (SSG) (\$3.26, up 1 cent)
- Action: Accumulate on Weakness
- Target Price: \$3.15 (3.5% downside)
- Key Insights: 1H FY2026 net profit up 11.9% YoY to S\$81.0m. Interim dividend 3.75 cents, up YoY. Growth supported by new stores and higher same store sales. Defensive business but trading at high valuation (29.6x PE). Expansion continues with new store pipeline, but recommend accumulating only on price weakness.
Above is an excerpt from a report by Lim & Tan Securities. Clients of Lim & Tan Securities can access the full research report from the broker’s website.
