CapitaLand Ascott Trust Has More Scope for Earnings Recovery in Asia-Pacific -- Market Talk

Dow Jones02-01

0301 GMT - CapitaLand Ascott Trust has more scope for earnings recovery in Asia-Pacific, helped by gains from divestments, UOB Kay Hian analyst Jonathan Koh says in a research report. The brokerage raises the REIT's target price to S$1.45 from S$1.40 with an unchanged buy rating. The REIT is divesting nine properties for S$260 million at an average exit yield of 4.3%, the analyst notes. It sold four matured properties in France and is selling two properties in the outskirts of Sydney and three properties outside the prime district of Osaka, the analyst says. It has finished renovation for The Robertson House, and works on seven other properties are ongoing, the analyst adds. Units are 0.5% lower at S$0.955. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 31, 2024 22:01 ET (03:01 GMT)

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The brokerage ...</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":"HMN.SI","symbol_name":"凯德雅诗阁信托","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2408540203","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2408540203","pubTimestamp":1706756460,"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":"0301 GMT - CapitaLand Ascott Trust has more scope for earnings recovery in Asia-Pacific, helped by gains from divestments, UOB Kay Hian analyst Jonathan Koh says in a research report. 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