Far East Hospitality Trust H1 DPS declines 8.4% to S$0.0163

Far East Hospitality Trust posted a distribution per stapled security of S$0.0163 for the first half ended Jun 30, down 8.4 per cent. Managers said, "Singapore's hospitality sector is supported by a pipeline of major leisure, entertainment and Mice-related events." Revenue rose to S$53.8 million, but the distribution will be paid Aug 28.