Far East Hospitality Trust

Far East Hospitality Trust: FEHT is a pure-play domestic hospitality REIT with 78% of GAV exposure in Singapore hotels. Sector fundamentals remain challenging from flat demand growth and continued supply of mid/mass hotel segments. Catalyst is group’s ability to stabilize declining RevPAR in the Hotels segment, while trying to ramp up proportion of the corporate room stays (higher margin). JPM maintain U/W on FEHT, TP $0.80