28 Aug '12, 8pm

Far East Hospitality Debut – Above Expectations

Far East Hospitality Debut – Above Expectations by healthytrader on August 28, 2012 Far East Hospitality Trust listed on SGX mainboard on 27th Aug, 1 day ago, to a end day closing price of S$0.95 . That represented a jump of 2cents from its IPO offer price. The ‘pop’ was also quite considerable considering that it reached a high of 0.98 before closing at 0.95. Today, the stock saw further buying pressure to close at $0.975 with a high of $0.98. That represents a 4.83% gain from IPO offer price of $0.93 . Pretty impressive debut for a REIT-styled counter factoring into consideration that its IPO was priced on the top of the indicative range offered to the institutional tranche of $0.93, citing strong institutional and then, later, retail demand. Clearly, its Singapore-based hotel assets are a plus in gaining popularity with local investors. Of course, the question is how di...

Full article: http://thefinance.sg/2012/08/28/far-east-hospitality-debu...

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