Broker Name: CGS International
Date of Report: May 4, 2026
Excerpt from CGS International report.
Report Summary
- Stock: Far East Hospitality Trust (FEHT SP)
- Action: Maintain Add
- Target Price: S\$0.72
- Current Price: S\$0.575
- Upside: 25.2%
- Key Highlights:
- FEHT reported distributable income of S\$17.9m in 1QFY26, up 12.1% year-on-year, in line with forecasts and consensus.
- Management is open to asset swaps and divestments, with a strategic review underway that could drive the next growth phase.
- Portfolio is Singapore-focused and benefits from travellers becoming more price sensitive, with management prioritizing occupancy in a high airfare environment.
- FY26F dividend yield projected at 6.2%.
- Re-rating catalysts include accretive acquisitions and stronger-than-expected visitor arrivals; main risks are prolonged global travel disruptions or unexpected interest rate changes.
- ESG: FEHT scored B- in ESG with room for improvement in environmental disclosures.
above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website : https://www.cgs-cimb.com/
