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@Bunifa Latif：$FAR EAST HOSPITALITY TR.(FEHTF)$ $FAR EAST HOSPITALITY TRUST(Q5T.SI)$ $Straits Times Index(STI.SI)$ A good ending to 2022 Far East Hospitality Trust’s (FEHT) 2H22 distribution per unit (DPU) increased 13.1% year-on year (YoY) to 1.73 Singapore cents, bringing full year DPU to 3.27 Singapore cents (+24.3%). For 2022, revenue per available room (RevPAR) for hotels improved 64.3% YoY to SGD92, reaching ~65% of its levels in 2019. In 4Q22, RevPAR was at 90% of 4Q19 levels, underscoring the strong rebound in leisure and business travellers as well as the return of high-profile events to Singapore. We understand that three hotels performed above their fixed rents in 2022 and four hotels remained on government contracts (expiring in mid-2023). For serviced residence (SR), 4Q22 and 2022 revenue per available unit (RevPAU) surpassed 2019 levels by 15% and 9% respectively, boosted by strong demand from corporate guests. As of 31 Dec 2022, FEHT’s gearing was at 32% and 54.1% of debt was hedged on fixed rate. We note that Chinese tourists contributed less than 10% to FEHT’s portfolio in 2019. We revise our growth forecasts and correspondingly raise our fair value estimate from SGD0.60 to SGD0.68. This may be a decent stock to hold given that China has reopened its borders and travelis expected to recover. Though the recoverymay be dampened by Eocnomic headwinds, I am still slightly confident that with the pentup demand to travel, this stock should perform relatively well compared to the other stocks. @TigerStars DYODD

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What news/movements are worth noting in the market today? Any stocks to watch? \n2. What trading opportunities are there? Do you have any plans?\n🎁 Make a post here, everyone stands a chance to win Tiger coins!","image":"https://static.tigerbbs.com/cd8eaff2e99964ab7a80d92cc196fcd3"}],"images":[],"coverImages":[],"html":"<html><head></head><body><p><a href=\"https://ttm.financial/S/FEHTF\">$FAR EAST HOSPITALITY TR.(FEHTF)$&nbsp;</a><a href=\"https://ttm.financial/S/Q5T.SI\">$FAR EAST HOSPITALITY TRUST(Q5T.SI)$&nbsp;</a><a href=\"https://ttm.financial/S/STI.SI\">$Straits Times Index(STI.SI)$&nbsp;</a><v-v data-views=\"0\"></v-v></p>\n<p>A good ending to 2022</p>\n<p> </p>\n<p>Far East Hospitality Trust’s (FEHT) 2H22 distribution per unit (DPU) increased 13.1% year-on year (YoY) to 1.73 Singapore cents, bringing full year DPU to 3.27 Singapore cents (+24.3%). For 2022, revenue per available room (RevPAR) for hotels improved 64.3% YoY to SGD92, reaching ~65% of its levels in 2019. 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Though the recoverymay be dampened by Eocnomic headwinds, I am still slightly confident that with the pentup demand to travel, this stock should perform relatively well compared to the other stocks.</p>\n<p><a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars&nbsp;</a></p>\n<p>DYODD&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p><a href=\"https://ttm.financial/S/FEHTF\">$FAR EAST HOSPITALITY TR.(FEHTF)$&nbsp;</a><a href=\"https://ttm.financial/S/Q5T.SI\">$FAR EAST HOSPITALITY TRUST(Q5T.SI)$&nbsp;</a><a href=\"https://ttm.financial/S/STI.SI\">$Straits Times Index(STI.SI)$&nbsp;</a><v-v data-views=\"0\"></v-v></p>\n<p>A good ending to 2022</p>\n<p> </p>\n<p>Far East Hospitality Trust’s (FEHT) 2H22 distribution per unit (DPU) increased 13.1% year-on year (YoY) to 1.73 Singapore cents, bringing full year DPU to 3.27 Singapore cents (+24.3%). 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