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Frasers HTrust
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FRASER HOSPITALITY TRUST - 8% YIELD . NAV : 74.8c
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sealTeam3
Member |
23-Jan-2023 15:49
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showing signs of recovery | ||||
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kiseki_2818
Master |
25-Nov-2022 14:18
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ha..why like that?? laugh until cannot cover mouth. they will be lucky, 0.88 take over.  
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Neutral_Guy
Member |
05-Nov-2022 13:25
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With Japan opening and lower Yen rates, Japan will have more visitors and the revenues will be higher too. Next dividends should be higher too.  But if privatization at 70cents again. I will go for it at current price. |
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Joelton
Supreme |
05-Nov-2022 12:27
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Frasers Hospitality Trust posts 15.9% rise in H2 DPS on industry recovery
FRASERS Hospitality Trust : ACV 0% (FHT) posted a distribution per stapled security (DPS) of S$0.009316 for the half year ended Sep 30, rising 15.9 per cent from S$0.008041 the previous year.
 
In its results statement on Friday (Nov 4), the stapled group&rsquo s managers said this was due to better gross revenue and net property income (NPI) amid the continued, gradual recovery in the hospitality industry as FHT&rsquo s portfolio saw improved performance across all regions.
 
The H2 FY2022 distribution payment date will be Dec 29.
 
Gross revenue for the half year rose 13.5 per cent to S$51.8 million from S$45.6 million a year earlier, while NPI increased 22.7 per cent year on year to S$37.9 million from S$30.9 million previously.
 
This came as Singapore and Australia recorded a spike in international visitor arrivals over the first nine months of 2022, leading to significant RevPAR (revenue per available room) growth for the stapled group&rsquo s portfolios in both countries.
 
As the UK implemented its &ldquo Living with Covid&rdquo plan from March 2022 following its retreat from the Omicron peak, portfolio occupancy rose by 39.4 percentage points to 78.8 per cent, with RevPAR doubling year on year in H2.
 
While Japan&rsquo s international borders remained largely closed, the managers noted higher gross operating revenue and gross operating profit at ANA Crowne Plaza Kobe, driven by the end of the quasi-state of emergency in March 2022.
 
Upon the reopening of Malaysia&rsquo s borders with lifted travel restrictions since October 2021, FHT&rsquo s managers said Westin Kuala Lumpur saw year-on-year RevPAR growth of over six times in H2, leading to the asset booking a gross operating profit as opposed to a gross operating loss in the same period last year. 
 
As a result of the above, distributable income grew 60.2 per cent to S$19.9 million from S$12.4 million. Distribution to stapled security holders rose 15.9 per cent to S$17.9 million, from S$15.5 million in H2 FY2021.
 
The latest set of results brings FHT&rsquo s DPS for FY2022 to S$0.016355, up 66.4 per cent from its FY2021 DPS of S$0.009831.
 
Gross revenue for the full year was up 12.1 per cent on year to S$95.9 million from S$85.5 million previously, while NPI grew 20.7 per cent to S$69.6 million from S$57.6 million.
 
&ldquo Encouraged&rdquo by the recovery in FHT&rsquo s portfolio performance, the managers&rsquo chief executive Eu Chin Fen intends to remain focused to &ldquo ride on the recovery trajectory and navigate through the uncertainties ahead&rdquo .
 
Challenges arising from recessionary risks, elevated inflation, a persistent labour crunch, increased energy costs and rising interest rates continue to weigh on FHT&rsquo s outlook, she said &ndash and in turn, the recovery of the stapled group&rsquo s top and bottom line.
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Neutral_Guy
Member |
04-Nov-2022 11:02
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Ya. Some people may say 1 year too long. But i guess the price is rather low for me already. Treat this as fixed deposit for 1 year. Better than 4% FD.  | ||||
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lukewong82
Master |
04-Nov-2022 09:51
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wow.. u need to wait until around September 2023.. anyway buy low now sell high next year :)
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Neutral_Guy
Member |
04-Nov-2022 08:44
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Ya. That' s why i buy yesterday. Coming closer to 1 year, the price maybe will go up higher.  | ||||
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lukewong82
Master |
03-Nov-2022 17:42
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After every failed take over, need to wait 1 year before the company can attempt the 2nd time
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Neutral_Guy
Member |
03-Nov-2022 16:08
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I think good chance to buy in this share now. Buy and keep for tomorrow' s results. Hope that 2nd time privatization can come soon too. | ||||
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Observers
Master |
21-Oct-2022 15:15
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Cash is really king. If got cash now can buy into Manulife US reit for 13% " apy" yield dividends as per SGX data? Of course who knows how high feds going to raise interest rates. DYODD!!! | ||||
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LongXia
Veteran |
14-Jun-2022 09:20
Yells: "BBs never say why when they buy, never tell when they sell!!" |
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The expected  date of FHT EGM and Scheme Meeting for Stapled Securityholders is scheduled for early September.... if the price never go above 70c means the market is not expecting any revision of the price ..... so, keep an eye on that | ||||
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Goldfinger
Supreme |
13-Jun-2022 22:19
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Its not a bad price, but they can do better than that lah.....  come on, put another 5-10 cents and make every smile wider....  sometimes its a cat and mouse game, and they raise a bit more to make people happy, like how you feel when you go bargain hunting and bargaining in Thailand etc. | ||||
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LongXia
Veteran |
13-Jun-2022 17:36
Yells: "BBs never say why when they buy, never tell when they sell!!" |
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If not for this takeover offer, FHT will be as red as the rest today. The price has been rallying because of the speculation of this takeover, otherwise it would have stayed range-bound in the Low fifties, even with the reopening of borders. A peer comparison with CDLHT  is a good example. The scheme is likely to succeed because the stingy Thai owner needs only to get another 25% to accept his offer..... don' t forget, during the first CB lockdown many had liquidated the stock. And many bought back in the thirties and low forties thereafter.... so these people would have gained as much as 80%.... plus coffee shops is full,of rumors that the insiders cronies through proxies accounts and funds had bought into the stock during the run up. That was how news leaked.  But I understand, the Thai owner has grand scheme for its move, like consolidating all his properties which are all over the place, like in FNN, ThaiB,, FP, and his Thai companies. So, hopefully we may see him increasing a couple of cents to bring the offer cross over the line..... all this move make sense and tie in with his BeerCo thingy which I hinted in the ThaiB thread here and elsewhere... |
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easywin
Supreme |
13-Jun-2022 12:58
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Above 70 still can buy very likely price need to revise 
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xenon672
Member |
13-Jun-2022 12:23
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Not Selling at $0.70!! Pandemic over..Hospitality is picking up..better than AirBnb bec Hospitality units like hotels have better security/cleaning protocols etc..so safer and better bet for stay for visits and long tern stay for work arrangements. INTERNATIONAL travel has picked up. Worth more. Above $0.77..Will be so-so price...still not fully acceptable. Above $0.83..maybe ok price | ||||
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xenon672
Member |
13-Jun-2022 11:17
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It's the usual...big companies taking advantage of small investors | ||||
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easywin
Supreme |
13-Jun-2022 10:57
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Very likely more to go as compared last traded  price 0.66 the offering not so attractive for many 
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LongXia
Veteran |
13-Jun-2022 10:44
Yells: "BBs never say why when they buy, never tell when they sell!!" |
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Haha... I m with you on this... although I m quite happy. anything above is a bonus  
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Joelton
Supreme |
13-Jun-2022 10:08
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S$0.700 in cash: PROPOSED PRIVATISATION OF FRASERS HOSPITALITY TRUST TO UNLOCK VALUE FOR ITS STAPLED SECURITYHOLDERS
▪ Proposed privatisation by a wholly-owned subsidiary of FPL, to be implemented by way of a trust scheme of arrangement
▪ Following the completion of its strategic review, the FHT Managers concluded that the Scheme represents the best option for Scheme Stapled Securityholders to unlock immediate value of their investments at a premium to NAV
▪ The Scheme Consideration of S$0.700 in cash per Scheme Stapled Security represents:
&bull a premium of 43.8% and 16.7% over the 12-month VWAP and recent analyst consensus target price respectively and
&bull an implied P/NAV multiple of 1.07x, which exceeds (i) historical averages of FHT&rsquo s trading multiples since IPO (ii) current trading multiples of other listed Singapore hospitality trusts and (iii) precedent S-REIT privatisations
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Goldfinger
Supreme |
13-Jun-2022 09:52
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Good, they did not mention it is the final offer.  Hope there is more room to adjust upward. | ||||
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