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The latest update is out from Far East Hospitality Trust ( (SG:Q5T) ).
Far East Hospitality Trust has announced the issuance of 25,746,652 earn-out stapled securities at S$0.5826 each, linked to the acquisition of Oasia Hotel Downtown. These securities will be traded on the SGX-ST and are part of a strategic move to enhance the trust’s portfolio, potentially impacting its market position and offering new opportunities for stakeholders.
The most recent analyst rating on (SG:Q5T) stock is a Hold with a S$0.58 price target. To see the full list of analyst forecasts on Far East Hospitality Trust stock, see the SG:Q5T Stock Forecast page.
More about Far East Hospitality Trust
Far East Hospitality Trust is a hospitality stapled group in Singapore, comprising Far East Hospitality Real Estate Investment Trust and Far East Hospitality Business Trust. It focuses on managing and investing in hospitality-related assets, providing accommodation and related services.
Average Trading Volume: 1,205,858
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$1.17B
For a thorough assessment of Q5T stock, go to TipRanks’ Stock Analysis page.