Broker's take: CGS-CIMB reiterates 'add' on Singapore hospitality Reits, says market has priced in downside risks

The analysts cut their forecast for ART's FY20-22 distribution per unit by 18-53 per cent, and CDLHT's FY20-22 DPU by 16-36 per cent to factor in larger revenue per available room or revenue per available unit declines.Ms Eing and Ms Lock noted that ART and CDLHT had issued profit warnings recently given the"challenging environment". ART is expecting its H1 DPU to fall by 65-75 per cent year on year to 8.6-1.

Ms Eing and Ms Lock said it was"unlikely" that Singaporeans would be able to travel for leisure this year. This could indicate that the Republic may not open its borders fully to foreign leisure travellers in the near term, they said. "We see the above as a likely scenario, given the resurgence of cases in many countries recently," the analysts said.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stocks to watch: Keppel Reit, Mapletree Logistics Trust, First Reit, Singapore banksTHE following companies saw new developments that may affect trading of their securities on Tuesday: Read more at The Business Times.
Источник: BusinessTimes - 🏆 15. / 51 Прочитайте больше »

Sabana Reit has more to gain in proposed merger with ESR-ReitIT IS not every day that an underdog in the Singapore Reit (S-Reit) sector with one of the smallest market capitalisations can vault onto the road to index inclusion with the help of a sister Reit under the same sponsor. Read more at The Business Times.
Источник: BusinessTimes - 🏆 15. / 51 Прочитайте больше »