- Yield = 7.45%
- Price-to-book Ratio = 0.872
- Assets per unit = $1.286
- Debt per unit = $0.502 (including current liabilities)
- Gearing = 39.0%
It has been a while since I posted an analysis. I guess the busyness has taken a toll on me. Will try to get the rhythm back. Here is the another analysis on FHT. Fraser Hospitality Trust has recently announced their rights issue. While I missed the earlier deadline, it is still worthwhile to look at it.
Yield is at a modest 7.45% which is quite comparable to its peers, especially after it dropped from the TERP price they published which is $0.745. Its price-to-book ratio is also at 0.872 which means we will be buying at 13% discount. Having said that, there are other hospitality trusts which are trading at cheaper valuations like Far East Hospitality Trust.
With all these analysis, I think it is still not attractive enough to be considered, considering that other hospitality trusts are trading at the same yield with lower price-to-book ratio. I still won't consider this in my portfolio.
Yield is at a modest 7.45% which is quite comparable to its peers, especially after it dropped from the TERP price they published which is $0.745. Its price-to-book ratio is also at 0.872 which means we will be buying at 13% discount. Having said that, there are other hospitality trusts which are trading at cheaper valuations like Far East Hospitality Trust.
With all these analysis, I think it is still not attractive enough to be considered, considering that other hospitality trusts are trading at the same yield with lower price-to-book ratio. I still won't consider this in my portfolio.
Why don't you think that this is better then the others since its broadly comparable
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