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The latest update is out from Frasers Hospitality Trust ( (SG:ACV) ).
Frasers Hospitality Trust has announced a new loan facility agreement with United Overseas Bank Limited, involving a S$150 million credit facility. The agreement includes specific conditions that restrict changes in the management of Frasers Hospitality Real Estate Investment Trust, with mandatory prepayment required if these conditions are breached. Currently, none of these conditions have been breached, but a breach could impact other borrowings amounting to approximately S$637.0 million.
The most recent analyst rating on (SG:ACV) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on Frasers Hospitality Trust stock, see the SG:ACV Stock Forecast page.
More about Frasers Hospitality Trust
Frasers Hospitality Trust is a hospitality stapled group consisting of Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust, both established under the laws of the Republic of Singapore. The company focuses on real estate investment and business trust activities within the hospitality industry.
Average Trading Volume: 3,126,584
Technical Sentiment Signal: Buy
Current Market Cap: S$1.37B
For detailed information about ACV stock, go to TipRanks’ Stock Analysis page.