CapitaLand Ascott Trust Has Room to Optimize Portfolio Further -- Market Talk

Dow Jones01-31

0719 GMT - CapitaLand Ascott Trust has room to optimize its portfolio further, DBS Group Research analysts say in a research note as they maintain the REIT's buy rating. DBS sees organic growth for the REIT, driven by occupancy normalization within the APAC region, which is underperforming other regions such as Europe. In Singapore, the REIT's earnings upside will likely come from its relaunched 'The Robertson House' hotel as revenue per available room is expected to be around 30% higher, with full inventory released into the market from early 2Q 2024, the analysts add. DBS raises the target price to S$1.30 from S$1.20 to reflect factors including the REIT's asset portfolio shuffling. Units are 0.5% lower at S$0.955. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 31, 2024 02:19 ET (07:19 GMT)

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In Singapore, the REIT's earnings upside will likely come from its relaunched 'The Robertson House' hotel as revenue per available room is expected to be around 30% higher, with full inventory released into the market from early 2Q 2024, the analysts add. DBS raises the target price to S$1.30 from S$1.20 to reflect factors including the REIT's asset portfolio shuffling. Units are 0.5% lower at S$0.955. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 31, 2024 02:19 ET (07:19 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CapitaLand Ascott Trust Has Room to Optimize Portfolio Further -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCapitaLand Ascott Trust Has Room to Optimize Portfolio Further -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-31 15:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0719 GMT - CapitaLand Ascott Trust has room to optimize its portfolio further, DBS Group Research analysts say in a research note as they maintain the REIT's buy rating. DBS sees organic growth for ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999001903.USD","symbol_name":"Aberdeen Standard Pacific Equity USD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2407303609","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2407303609","pubTimestamp":1706685540,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0719 GMT - CapitaLand Ascott Trust has room to optimize its portfolio further, DBS Group Research analysts say in a research note as they maintain the REIT's buy rating. 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DBS sees organic growth for the REIT, driven by occupancy normalization within the APAC region, which is underperforming other regions such as Europe. In Singapore, the REIT's earnings upside will likely come from its relaunched 'The Robertson House' hotel as revenue per available room is expected to be around 30% higher, with full inventory released into the market from early 2Q 2024, the analysts add. DBS raises the target price to S$1.30 from S$1.20 to reflect factors including the REIT's asset portfolio shuffling. Units are 0.5% lower at S$0.955. 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