Recently ended my examinations and had some spare time to write about Eagle Hospitality Trust, which I have invested in.
Earlier in November, Eagle Hospitality Trust (“EHT”) plunged from around 65 cents to a low of 42 cents, due to fears of high repair costs for its key asset the Queen Mary (“QM”), as well as uncertainty over the valuations of certain transactions that had taken place pre-IPO. After two days of declining 15% and 10% respectively, I decided to enter a long position at 48 cents based on some preliminary analysis. The next day, EHT’s share price took another hit and it dropped to a low of 42 cents, subsequently recovering to yesterday’s price of 51.5 cents after its 3Q results provided some reassurance for investors.
After the release of its 3Q results, I took a closer look at EHT’s portfolio of 18 hotels, with the intention of determining whether the