0118 GMT - Far East Hospitality Trust stands to benefit from new attractions and upcoming events in Singapore, says Jonathan Koh, UOB Kay Hian analyst, in a note. Singapore continues to strengthen its tourism infrastructure, Koh writes. The wildlife park, Rainforest Wild Asia, is set to open in March, while the Singapore Oceanarium is slated for opening in 1H, he notes. Some major events include Singapore Rugby Sevens in April and the World Aquatics Championships in July, Koh adds. UOB Kay Hian maintains a buy rating on the stock with a target price of S$0.76. Units are up 0.9% at S$0.57.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
February 19, 2025 20:18 ET (01:18 GMT)
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