With the proceeds from the divestment from Comfortdelgro which I blogged earlier, I had also purchased 125,000 shares of Far East Hospitality Trust (FEHT) at a price of 68 cents.
This is a company that I once used to own, then divested, then move the funds around, and now back again to the same company.
I am looking for something with a decent yield, predictable near term both organic and inorganic growth outlook and preferably a Reit, so I thought this company fits the bill for now. I am also bullish on the sectors as I think the Revpar has seen a bottoming in FY17 and looks good to grow over the next few years.
1.) Inorganic Acquisition of the Oasia Hotel Downtown
FEHT made an acquisition from its sponsor on the Oasia Hotel Downtown which was only completed last year for a fee of $220.1m.
The ......