Far East H Trust - Value buy..

More
28 Mar 2020 07:14 - 28 Mar 2020 14:26 #25290 by divads
Some of the hotels under Far East H Trust are fully occupied even in May. Used for SHN? if so, full occupancy ..
Attachments:
Last edit: 28 Mar 2020 14:26 by divads.

Please Log in or Create an account to join the conversation.

More
28 Mar 2020 14:28 #25291 by divads
Attachments:

Please Log in or Create an account to join the conversation.

More
28 Mar 2020 19:34 #25292 by divads
www.99.co/blog/singapore/hotel-government-stay-home-notice-shn/



I think Elizabeth under Far East H trust too.


Quote:
Reason #6: The hotels will otherwise be empty anyway


As we all know, tourism is dead for the time being. Hotels are facing dark times and their staff are worried about their livelihoods as
occupancy drops to zero or near zero. So, a contract with the government to provide bulk Stay-Home Notice accommodation
is a godsend, and is a move that will potentially safeguard thousands of jobs in the industry and directly boost the economy,
in addition to the recently announced Resilience Package.
Attachments:

Please Log in or Create an account to join the conversation.

More
28 Mar 2020 21:52 #25293 by divads
www.singaporeglobalnetwork.com/docs/Hote...eas-Singaporeans.pdf

According to this list, Far East H trust has 10 of it's hotel/service apt in the list.. Huat har!
Attachments:

Please Log in or Create an account to join the conversation.

More
29 Mar 2020 18:52 #25294 by divads
research.uobkayhian.com/content_download.jsp?id=55894& h=a7c89bdd49747e2ee014528e17cfba8

Hospitality REITs to benefit from JSS. Staffing is a significant fixed cost which is hard

to eliminate as hotel occupancies crater in the face of COVID-19 travel restrictions. Under

JSS, for every local employee payroll, hotel operators will receive support for 75% of the

first S$4,600 in gross monthly wages (incl. 25% base support). S-REITs, which have

higher exposure to Singapore hospitality assets, and under managed contracts (ie take

part in operating risk) will benefit most. In this regard, CDREIT (62% SG NPI) and FEHT

(100% SG NPI) are expected to benefit more from the scheme compared to ART (10%

FY19 GP).

Please Log in or Create an account to join the conversation.

More
31 Mar 2020 13:48 #25296 by Joes
Replied by Joes on topic Far East H Trust - Value buy..

www.singaporeglobalnetwork.com/docs/Hote...eas-Singaporeans.pdf

According to this list, Far East H trust has 10 of it's hotel/service apt in the list.. Huat har!


--- The above is persuading returnees to self-isolate in the hotels & they have to bear their own room costs, etc. Is that right?
I thought govt whisks them from airport straight to hotel & govt bears the cost of room, etc. Are there 2 different schemes?

Please Log in or Create an account to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings3.6900.080
Avi-Tech Electronics0.2750.025
Best World1.770-
Broadway Ind0.090-
China Sunsine0.420-
DISA0.003-
Food Empire0.955-0.010
Fortress Minerals0.360-
Geo Energy Res0.230-
Golden Energy0.9600.005
GSS Energy0.0440.005
InnoTek0.435-0.005
ISDN Holdings0.4300.015
ISOTeam0.0800.002
IX Biopharma0.081-
Jiutian Chemical0.056-0.001
KSH Holdings0.3300.005
Leader Env0.0860.004
Medtecs Intl0.149-
Meta Health0.015-
Nordic Group0.4600.010
Oxley Holdings0.1240.001
REX International0.166-0.002
Riverstone0.595-0.005
Sinostar PEC0.1570.004
Southern Alliance Mining0.780-
Straco Corp.0.470-
Sunpower Group0.310-0.015
The Trendlines0.099-
Totm Technologies0.083-
UG Healthcare0.159-0.003
Uni-Asia Group0.9000.010
Wilmar Intl3.970-
Yangzijiang Shipbldg1.270-0.030

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 2007 guests and no members online