Frasers Hospitality Trust (FHT)

Results

FHT’s 2HFY2024 DPS dips by 0.8% to 1.1682 cents on higher finance costs

“Our focus remains on capital management, operational efficiency, and positioning FHT to capture further growth as global tourism normalises," says Eric Gan, CEO of the managers.

Global Economy

Briefs: MAS appoints ex-MD Ravi Menon as chairman of new fintech group; Hongkong Land unveils new strategy

In other news, FHT says the risk of the potential loss of its MIT status has always been present and that the loss of status was beyond its control.
Risk of potential loss of MIT status has always been present; loss of status beyond REIT manager’s control: FHT - THE EDGE SINGAPORE

REITs

Risk of potential loss of MIT status has always been present; loss of status beyond REIT manager’s control: FHT

Units in FHT closed flat at 43 cents on Oct 28. The REIT will report its FY2024 results on the morning of Nov 7.
Briefs: Tokyo Metro seeks to raise over US$2 bil in IPO; MMC Port said to weigh IPO; FHT's tax rate rises - THE EDGE SINGAPORE

Global Economy

Briefs: Tokyo Metro seeks to raise over US$2 bil in IPO; MMC Port said to weigh IPO; FHT's tax rate rises

Other news this week: Mixed sentiments on China equities following revival efforts, says a Morningstar report.

REITs

Frasers Hospitality Trust passes on Capri by Fraser, Changi City

FHT's refusal is the second acquisition offer rejected by an S-REIT over the past month.

Results

FHT reports higher RevPARs in all countries for 1QFY2024 except for Singapore and the UK

As at Dec 31, 2023, FHT's NAV per stapled security stood at 66 cents.

Broker's Calls

Brokers’ Digest: StarHub, Nanofilm, ST Engineering, FHT, Sats

See what the analysts have to say this week.

Broker's Calls

Analysts maintain 'buy' on Frasers Hospitality Trust on the back of strong event pipeline and recovery tailwinds

FHT’s corporate-positioned hotels in Singapore will continue to see further traction from the return of corporate travel.
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