Far East Hospitality Trust

[Mecisteus]

Guys, I think there are significant part of the peoples travel to Singapore for business purpose, tourism in Singapore? What to see, the durian and the merlion? Going to zoo, and then Suntec exhibition hall? Frankly speaking, you throw in all the destinations for me and I can only make up 1-day trip for you, which is 1-day Sentosa tour.

Go check tripadvisor, No 1. Orchid Garden, No 2. Botanical Garden, No 3. Flight stimulator, No 4. Zoo and so on.... Nothing really interesting. Comparing to Europe is ofcoz different, though Europe is also expensive, but you have some very nice old towns, palaces, historical museums etc. Singapore? si mi ma bo.

you are giving your biased reviews because you have been living in singapore for many years and thus you can say there are nothing much to see.

in the outside world, there are billions of people who are yet to visit singapore and its their first time visit that matter. if they like the trip here, the tourists probably come again. its also the other billions of untap tourists that matter.

but if you look at the tourism numbers and trends over the number of past years, its a no brainer to conclude that tourism industry is a VERY healthy and lucrative sector in singapore.

on top of that, the MICE sector does contribute strongly to the tourism industries in here. the foreigners that came are not necessarily travellers.

 

[Shahmatt]

Guys, I think there are significant part of the peoples travel to Singapore for business purpose, tourism in Singapore? What to see, the durian and the merlion? Going to zoo, and then Suntec exhibition hall? Frankly speaking, you throw in all the destinations for me and I can only make up 1-day trip for you, which is 1-day Sentosa tour.

Go check tripadvisor, No 1. Orchid Garden, No 2. Botanical Garden, No 3. Flight stimulator, No 4. Zoo and so on.... Nothing really interesting. Comparing to Europe is ofcoz different, though Europe is also expensive, but you have some very nice old towns, palaces, historical museums etc. Singapore? si mi ma bo.

I am not saying that Singapore tourism is not good, but to me Singapore is definitely not a top place in Asia / Asean. I have some relatives in Malaysia which would agree to my statement here.

Well ofcoz Singapore tourism is never go to zero, likewise for the international shipping as well. You see nowadays the port so busy, so many vessels queuing a long East Coast, you think shipping is doing good isn't it. Let see what's happened to FSL, what happened to BLT etc. Shipping business is good doesn't means that shipping business is profiting. Likewise for tourism and hotel business as well.

The world is full of money full of inflation, US printing, UK printing, Japan printing... Is a currency war isn't it? Will Singapore print? Maybe not now, so these changes will eventually make Singapore to be the world most expensive country to live in, I am predicting this 1 decade later. By then we might have some of the world best ****, the world only ****, the world largest ****, the world most luxury ****, and also the world richest tourists.

Having the fiscal cliff ahead, and without knowing the results of the fund, I will be reluctant to jump in now. Even if I jump in now or later, it will just only hit and run.

IMHO, this is not a safe investment over a long term period.

Agreed. Also when I said earlier that tourism go down to zero I mean that it drops significantly. I did not mean no tourism at all.

 

[Shahmatt]

you are giving your biased reviews because you have been living in singapore for many years and thus you can say there are nothing much to see.

in the outside world, there are billions of people who are yet to visit singapore and its their first time visit that matter. if they like the trip here, the tourists probably come again. its also the other billions of untap tourists that matter.

but if you look at the tourism numbers and trends over the number of past years, its a no brainer to conclude that tourism industry is a VERY healthy and lucrative sector in singapore.

on top of that, the MICE sector does contribute strongly to the tourism industries in here. the foreigners that came are not necessarily travellers.

Past performance is not a guarantee for the future. My take is that SG tourism will dwindle because of the strong SGD. If SGD is allowed to cheapen then you may see continued good tourism sector but then we all lose through loss in currency buying power.

 

[Hoo8899]

you are giving your biased reviews because you have been living in singapore for many years and thus you can say there are nothing much to see.

in the outside world, there are billions of people who are yet to visit singapore and its their first time visit that matter. if they like the trip here, the tourists probably come again. its also the other billions of untap tourists that matter.

but if you look at the tourism numbers and trends over the number of past years, its a no brainer to conclude that tourism industry is a VERY healthy and lucrative sector in singapore.

on top of that, the MICE sector does contribute strongly to the tourism industries in here. the foreigners that came are not necessarily travellers.

Yes I may be a bit of bias here, but as I always share with my friends and colleagues, I like to visit certain place which is rich in history and natural and a place where I don't have to check my pocket money when I am deciding the place for sleep, for dinner and for fun. Some persons may not like historical and natural places, but many would agree about the monetary consideration when in overseas.

Singapore govt is doing a good job in promoting the tourism business (with the F1, casinos and etc) but it is just too expensive to be a tourist here. Imagine a night at a decent hotel already cost you at least S$200, which is already equals to a week salary of an ordinary Malaysian.

 

[addict951]

Wah run eh, the guy on top know what he is talking boh?
the angmos lub our weather ****, esp now
year end northern hemisphere cold cold snow snow they all chiong to SG ****. our neighbours all muslim countries they run rike (esp. americans), so come here to siam the cold. Somemore all of them said at nite so good. 10pm still come out and walk freely. They all say they can nv do that at home.

Yall know recently my company got one guy came from Scotland, then he stayed at 72-storey while he was here. He was staying at 50-something floor. he said the Marina bay view too power liao he dun wanna go home ****. He has nv seen anything rike this. back at his hometown edinburgh the highest maybe 16 stories and nothing as spectacular as Marina Bay, esp at nite.

 

[SoulDealer]

Wah run eh, the guy on top know what he is talking boh?
the angmos lub our weather ****, esp now
year end northern hemisphere cold cold snow snow they all chiong to SG ****. our neighbours all muslim countries they run rike (esp. americans), so come here to siam the cold. Somemore all of them said at nite so good. 10pm still come out and walk freely. They all say they can nv do that at home.

Yall know recently my company got one guy came from Scotland, then he stayed at 72-storey while he was here. He was staying at 50-something floor. he said the Marina bay view too power liao he dun wanna go home ****. He has nv seen anything rike this. back at his hometown edinburgh the highest maybe 16 stories and nothing as spectacular as Marina Bay, esp at nite.

True. Had a few biz mates from overseas who came over. They prefer our country more than any other. They find that they didn't have time to explore the whole of SG within a week as there's too much to see. Besides, americans and english don't have much to shop back in their hometown after work cos everyone closed for the day.

 

[Hoo8899]

I maybe possibly right that Marina Bay Sand is not owned by FEHT

 

[Dividends Warrior]

Wah run eh, the guy on top know what he is talking boh?
the angmos lub our weather ****, esp now
year end northern hemisphere cold cold snow snow they all chiong to SG ****. our neighbours all muslim countries they run rike (esp. americans), so come here to siam the cold. Somemore all of them said at nite so good. 10pm still come out and walk freely. They all say they can nv do that at home.

Yall know recently my company got one guy came from Scotland, then he stayed at 72-storey while he was here. He was staying at 50-something floor. he said the Marina bay view too power liao he dun wanna go home ****. He has nv seen anything rike this. back at his hometown edinburgh the highest maybe 16 stories and nothing as spectacular as Marina Bay, esp at nite.

Yup. They love our hot weather.

Last time when my foreign friends came to Singapore, we went to the beach. All of the Singaporeans are hiding under the coconut trees for shade but the angmohs happily sun bathing. Really is an eye-opener!

 

[Some-one]

Apt to post it here...
--courtesy of sharesinv.com

2Q12 Visitor Numbers, Tourism Receipts Up
Singapore pulled in close to 3.5 million visitors in 2Q12, 8 percent higher than the corresponding period last year. In total, these visitors brought in tourism receipts (TR) of $5.5 billion, a 4 percent increase from 2Q11. The numbers for 2Q12 mean that close to 7.1 million visitors came to Singapore for the first half of the year, while TR came in at $11.5 billion. These figures were largely in-line with the Singapore Tourism’s Board’s (STB) expectations of drawing in a total of 13.5 to 14.5 million visitors and $23 to $24 billion in TR for 2012. In terms of TR growth among the top ten markets, Malaysia saw the largest jump in TR growth in 2Q12 at 29 percent, driven by an increase in business traffic and higher shopping expenditure. Indonesia, China and Thailand similarly saw a sharp growth in TR. In terms of visitor numbers, the top visitor generating markets for 2Q12 were Indonesia, China, Malaysia, India and Australia. Together, they accounted for over half, or 55 percent, of total visitor arrivals in 2Q12.

Significance: According to STB, average room rate came in at $262 for 2Q12, rising 7 percent from 2Q11, while average occupancy rate hit 86 percent. Hoteliers were in for a bonanza in 2Q12, especially those operating in the upscale segment as they posted average room rates which grew the highest at 12 percent while economy hotels registered a 1 percent drop in rates.

 

[remy3413]

Tourism is a very extreme sector, if the global economy is in good shape, it will be bullish for FEHT

But in the event, a global crisis happens, FEHT will definitely have issues.

What Hoo8899 is pointing out is that, our SGD will most probably become stronger as time passes because our Government favours strengthen our SGD to counter effect inflation than depreciating it to help tourism and export. A good example to point out is Japan, their yen is so high, how many of us are able to go there for a good holiday?

I don't believe FEHT will hold up if a global crisis happens, neither do i believe FEHT cannot have a huge run up if the global economy recovers. But for the next year or two, I still see some weakness in Europe, just not so much as compared to last year.

 

[koxinga]

Tourism is a very extreme sector, if the global economy is in good shape, it will be bullish for FEHT

But in the event, a global crisis happens, FEHT will definitely have issues.

What Hoo8899 is pointing out is that, our SGD will most probably become stronger as time passes because our Government favours strengthen our SGD to counter effect inflation than depreciating it to help tourism and export. A good example to point out is Japan, their yen is so high, how many of us are able to go there for a good holiday?

I don't believe FEHT will hold up if a global crisis happens, neither do i believe FEHT cannot have a huge run up if the global economy recovers. But for the next year or two, I still see some weakness in Europe, just not so much as compared to last year.

All are fair points. But then again, if a global crisis or high SGD, a lot of Singaporean companies would likewise be exposed. I would say that this risk is macro-economical rather than particular to the hospitality industry. I would worry more if it is a pandemic outbreak like SARS or bird flu than economic crisis as it will directly affect travel patterns.

Two, statistics suggest that while economic factors such as banking crisis will reduce numbers, it will also rebound strongly. Again, no different from any other industry affected by it.
http://www.singstat.gov.sg/pubn/reference/yos12/statsT-tourism.pdf

The point I am trying to make is, whether the level of macro-economic risks as highlighted by others is anything different from any other Singaporean companies with international exposure? The only exception I can think of is pandemic.

 

[Guojing88]

In terms of REIT price volatility, the ranking from highest to lowest from what I observe is usually as follows

Hospitality > Office > Industrial > Retail Malls > Healthcare.

 

[remy3413]

In terms of REIT price volatility, the ranking from highest to lowest from what I observe is usually as follows

Hospitality > Office > Industrial > Retail Malls > Healthcare.

Because of the risk invovled, healthcare and retail malls definitely have less risk due to the nature of the business while hospitality can sink like no one business if the macro economics worsens

Office and industrial are much neutral

 

[addict951]

faster load hor, this is a laggard

 

[blackvice]

faster load hor, this is a laggard

got any results out yet???

 

[addict951]

.99/.995
Opportunity to load!

 

[rine5]

Can anybody tell me how to search for dividend information for this counter? I can only find "Far East Orchard Limited" & "Far East Group Limited" on sgx website.

I suppose "Far East Orchard Limited" stands for FEOrchard (O10). So what about FEHT (Q5T)?

Is "Far East Group Limited" also known as FEHT?

 

[addict951]

Can anybody tell me how to search for dividend information for this counter? I can only find "Far East Orchard Limited" & "Far East Group Limited" on sgx website.

I suppose "Far East Orchard Limited" stands for FEOrchard (O10). So what about FEHT (Q5T)?

Is "Far East Group Limited" also known as FEHT?

FEHT is a new counter
It has not distributed any CD yet
the 1st ever CD is coming in the coming 3 weeks

 

[SpinFire]

FEHT is a new counter
It has not distributed any CD yet
the 1st ever CD is coming in the coming 3 weeks

Eagerly awaiting for results and CD

 

[rine5]

FEHT is a new counter
It has not distributed any CD yet
the 1st ever CD is coming in the coming 3 weeks

Oic, thanks for the heads-up