0840 GMT - Far East Consortium International's progress in reducing debt remains key to its near-term share-price performance, say DBS Group Research analysts in a note. The Hong Kong-based property company's fiscal 1H net losses widened on lower profit from its property-development segment and multiple impairment charges. However, it continues to dispose non-core assets and businesses, which should aid in its debt-reduction efforts, Jeff Yau and others say. The stock is trading at an 89% discount to DBS's appraised current net-asset value, versus a 10-year average of 78%, the analysts note. DBS cuts its target price to HK$0.93 from HK$1.13 but maintains its buy rating. Shares closed 1.4% higher at HK$0.71. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
December 01, 2025 03:40 ET (08:40 GMT)
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