CDL Hospitality Trusts Likely a Prime Beneficiary of Singapore's Tourism Recovery -- Market Talk

Dow Jones03-15

0745 GMT - CDL Hospitality Trusts looks set to be a prime beneficiary of Singapore's tourism recovery, says RHB Research analyst Vijay Natarajan in a note. RHB projects Singapore's visitor arrivals in 2024 to reach 16 million-18 million, above official expectations of 15 million-16 million. It forecasts the hotel sector's revenue per available room--a key metric for the industry--to grow by mid single digits this year, extending the recovery seen in 2023. CDL Hospitality Trusts' seven hotel assets accounted for 62% of 2023 net property income, RHB notes. RHB keeps a buy rating on the REIT but cuts its target to S$1.20 from $1.23. Units were last up 0.5% at S$0.99. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

March 15, 2024 03:45 ET (07:45 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2419943311?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-15 15:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2419943311","market":"hk","top_or_hot":-1,"title":"CDL Hospitality Trusts Likely a Prime Beneficiary of Singapore's Tourism Recovery -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0745 GMT - CDL Hospitality Trusts looks set to be a prime beneficiary of Singapore's tourism recovery, says RHB Research analyst Vijay Natarajan in a note. RHB projects Singapore's visitor arrivals in 2024 to reach 16 million-18 million, above official expectations of 15 million-16 million. It forecasts the hotel sector's revenue per available room--a key metric for the industry--to grow by mid single digits this year, extending the recovery seen in 2023. CDL Hospitality Trusts' seven hotel assets accounted for 62% of 2023 net property income, RHB notes. RHB keeps a buy rating on the REIT but cuts its target to S$1.20 from $1.23. Units were last up 0.5% at S$0.99. (amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 15, 2024 03:45 ET (07:45 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>CDL Hospitality Trusts Likely a Prime Beneficiary of Singapore's Tourism Recovery -- 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\">\nCDL Hospitality Trusts Likely a Prime Beneficiary of Singapore's Tourism Recovery -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-15 15:45 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>0745 GMT - CDL Hospitality Trusts looks set to be a prime beneficiary of Singapore's tourism recovery, says RHB Research analyst Vijay Natarajan in a note. RHB projects Singapore's visitor arrivals in...</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":"CDHSF","symbol_name":"CDL Hospitality Trust","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2419943311","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2419943311","pubTimestamp":1710488700,"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":"0745 GMT - CDL Hospitality Trusts looks set to be a prime beneficiary of Singapore's tourism recovery, says RHB Research analyst Vijay Natarajan in a note. RHB projects Singapore's visitor arrivals in 2024 to reach 16 million-18 million, above official expectations of 15 million-16 million. It forecasts the hotel sector's revenue per available room--a key metric for the industry--to grow by mid single digits this year, extending the recovery seen in 2023. CDL Hospitality Trusts' seven hotel assets accounted for 62% of 2023 net property income, RHB notes. RHB keeps a buy rating on the REIT but cuts its target to S$1.20 from $1.23. Units were last up 0.5% at S$0.99. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CDHSF":"CDL Hospitality Trust","CDL":"VictoryShares US Large Cap High Div Volatility Wtd ETF","BK4218":"酒店及度假村房地产信托","J85.SI":"城市酒店信托","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","BK6129":"酒店及度假村房地产信托","BK6512":"房地产股","BK6098":"多样化房地产活动","C09.SI":"城市发展","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","BK6089":"酒店及度假村房地产投资信托","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","BK4181":"酒店及度假村房地产投资信托"},"translate_title":"CDL Hospitality Trusts可能是新加坡旅游业复苏的主要受益者——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C09.SI":1,"CDHSF":1,"CDL":1,"J85.SI":0.9},"content_text":"0745 GMT - CDL Hospitality Trusts looks set to be a prime beneficiary of Singapore's tourism recovery, says RHB Research analyst Vijay Natarajan in a note. RHB projects Singapore's visitor arrivals in 2024 to reach 16 million-18 million, above official expectations of 15 million-16 million. It forecasts the hotel sector's revenue per available room--a key metric for the industry--to grow by mid single digits this year, extending the recovery seen in 2023. CDL Hospitality Trusts' seven hotel assets accounted for 62% of 2023 net property income, RHB notes. RHB keeps a buy rating on the REIT but cuts its target to S$1.20 from $1.23. Units were last up 0.5% at S$0.99. (amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 15, 2024 03:45 ET (07:45 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2419943311"}