Let's take a quick look at 2 companies in my Starfish SRS portfolio. Both FEHT and PRCT announced Q1 results in the last 2 days.
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FEHT
FEHT announced Q1 results that were "above expectation" in terms of DPU but not in terms of revenue and net property income. With a DPU of about 1.38 cents per unit, my SRS portfolio of
5,000 units will receive a quarterly distribution of $69 on 14 June. The presentation slides are here.
The tourism sector in Singapore is experiencing some "bumps" due to high SGD rates vis-a-vis other currencies and that has created some "downward" pressure.
Having said that, Q1 is traditionally the slowest period of the year and we can expect better quarters ahead for FEHT.
Chart wise, the counter appears to be consolidating sideways.
PRCT
PRCT also announced its Q1 results where things appear to be ramping up nicely. The ...
