Maybank Research Pte Ltd
April 16, 2025
Dropping Coverage: Frasers Hospitality Trust (FHT SP)
Frasers Hospitality Trust (FHT SP) has seen its coverage dropped by Maybank Research Pte Ltd due to a reallocation of resources. Our last rating for the company was a BUY with a target price of SGD0.48. As of the date of this report, the share price of Frasers Hospitality Trust stands at SGD 0.58, with a 12-month price target of SGD 0.48, representing an 11% decrease.
Company Description and Statistics
Frasers Hospitality Trust invests in income-producing hospitality real estate and related assets. Here are some key statistics:
52-week high/low (SGD): 0.60/0.42
3-month average turnover (USDm): 36.5
Free float (%): 25.8
Issued shares (m): 1,926
Market capitalization: SGD1.1B, USD849M
Major Shareholders
Tcc Group Investments Ltd.: 36.7%
Frasers Property Ltd.: 25.8%
Metro Holdings Ltd.: 0.7%
Price Performance
The stock performance of Frasers Hospitality Trust over various periods is as follows:
1M: -1%
3M: 2%
12M: 26%
Relative to the index, the performance is:
1M: 10%
3M: 7%
12M: 13%
Research Team and Contacts
For further information or inquiries, the following are key contacts:
Suhaimi ILIAS, Chief Economist
CHUA Hak Bin, Regional Thematic Macroeconomist
Erica TAY, China | Thailand
Brian LEE Shun Rong, Indonesia | Singapore | Vietnam
Azril ROSLI, Malaysia | Philippines | Global
Fatin Nabila MOHD ZAINI, Malaysia | Philippines
Luong Thu Huong
LEE Jia Yu
Global Research Network
Maybank’s research network spans across various countries, including:
Singapore
Thilan WICKRAMASINGHE, Head of Research
Eric ONG, Healthcare | Transport | SMIDs
Jarick SEET, Technology | SMIDs
Krishna GUHA, REITs | Industrials
Malaysia
LIM Sue Lin, Co-Head of Research
WONG Chew Hann, CA, Co-Head of Research
Desmond CH’NG, BFP, FCA
Disclaimer and Disclosures
This research report is prepared for general circulation and information purposes only. It should not be considered or intended as an offer to sell or a solicitation of an offer to buy securities. Investors should note that values of securities may fluctuate, and prices may rise or fall.
Analyst Certification of Independence
The views expressed in this research report accurately reflect the analyst’s personal views about the subject securities or issuers. No part of the research analyst’s compensation was, is, or will be directly or indirectly related to specific recommendations or views expressed in the report.
Historical Recommendations and Target Price
Here is a summary of historical recommendations and target prices for Frasers Hospitality Trust:
Date Recommendation Target Price (SGD)
18 Apr Hold SGD0.5
4 May Hold SGD0.5
10 Feb Buy SGD0.5
8 Nov Buy SGD0.5
10 May Buy SGD0.5
7 Aug Buy SGD0.5
