Far East Hospitality Trust's Low Gearing, Potential M&A Catalyst for Stock -- Market Talk

Dow Jones02-14

0541 GMT - Far East Hospitality Trust's low gearing of 31% and potential acquisitions will act as a medium-term catalyst for the stock, Citigroup analyst Brandon Lee says in a note. The investment bank expects the hospitality REIT's 1Q revenue per room to remain supported by coming events after its 4Q results beat expectations. Citi maintains its buy rating based on the current valuations with a target price of S$0.74. Units last flat at S$0.64. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

February 14, 2024 00:41 ET (05:41 GMT)

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