SINGAPORE (Sept 23): UOB Kay Hian is keeping Frasers Hospitality Trust on "purchase" yet has sliced its objective cost to 81 pennies, from $1.01 already, to consider an "uplifted danger profile".
The examination house says it has balanced its model to calculate FHT's as of late declared 32 for 100 rights issue to raise $266.3 million to back the securing of Novotel Melbourne.
"We bring down our FY16F DPU gauge by 3% and that for FY17 and FY18 by 12-13%, in the wake of considering in the weakening from the securing," says UOB lead expert Derek Chang in a Thursday report.
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