CDL Hospitality Trusts May Be Hit by Cooling Hospitality Demand -- Market Talk

Dow Jones08-05

0540 GMT - CDL Hospitality Trusts may be hit by cooling hospitality demand, RHB Research analyst Vijay Natarajan says in a research report as RHB cuts the unit's rating to neutral from buy and the target price to S$1.03 from S$1.20. Revenue per available room for the REIT's Singapore hotels was softer in 2Q versus 1Q with management citing a lower event pipeline amid an increase in hotel-room supply and last-minute bookings, the analyst notes. The REIT's revenue per available room could fall again in 3Q, given last year's strong performance, the analyst adds. RHB lowers its 2024-2026 distribution-per-unit forecasts for the REIT by 3%-5%. Units are 2.1% lower at S$0.92. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

August 05, 2024 01:40 ET (05:40 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/2457022797?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-05 13:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2457022797","market":"sh","top_or_hot":-1,"title":"CDL Hospitality Trusts May Be Hit by Cooling Hospitality Demand -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0540 GMT - CDL Hospitality Trusts may be hit by cooling hospitality demand, RHB Research analyst Vijay Natarajan says in a research report as RHB cuts the unit's rating to neutral from buy and the target price to S$1.03 from S$1.20. Revenue per available room for the REIT's Singapore hotels was softer in 2Q versus 1Q with management citing a lower event pipeline amid an increase in hotel-room supply and last-minute bookings, the analyst notes. The REIT's revenue per available room could fall again in 3Q, given last year's strong performance, the analyst adds. RHB lowers its 2024-2026 distribution-per-unit forecasts for the REIT by 3%-5%. Units are 2.1% lower at S$0.92. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 05, 2024 01:40 ET (05:40 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 May Be Hit by Cooling Hospitality Demand -- 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 May Be Hit by Cooling Hospitality Demand -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-05 13:40 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>0540 GMT - CDL Hospitality Trusts may be hit by cooling hospitality demand, RHB Research analyst Vijay Natarajan says in a research report as RHB cuts the unit's rating to neutral from buy and the ...</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":"C09.SI","symbol_name":"城市发展","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2457022797","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457022797","pubTimestamp":1722836400,"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":"0540 GMT - CDL Hospitality Trusts may be hit by cooling hospitality demand, RHB Research analyst Vijay Natarajan says in a research report as RHB cuts the unit's rating to neutral from buy and the target price to S$1.03 from S$1.20. Revenue per available room for the REIT's Singapore hotels was softer in 2Q versus 1Q with management citing a lower event pipeline amid an increase in hotel-room supply and last-minute bookings, the analyst notes. The REIT's revenue per available room could fall again in 3Q, given last year's strong performance, the analyst adds. RHB lowers its 2024-2026 distribution-per-unit forecasts for the REIT by 3%-5%. Units are 2.1% lower at S$0.92. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"C09.SI":"城市发展","J85.SI":"城市酒店信托","BK4181":"酒店及度假村房地产投资信托","CDL":"VictoryShares US Large Cap High Div Volatility Wtd ETF","BK6512":"房地产股","BK6129":"酒店及度假村房地产信托","BK4218":"酒店及度假村房地产信托","CFA.SI":"NikkoAM-STC Asia REIT","BK6089":"酒店及度假村房地产投资信托","CDHSF":"CDL Hospitality Trust"},"translate_title":"CDL酒店信托可能会受到酒店需求降温的打击——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C09.SI":1,"CDHSF":1,"CDL":1,"CFA.SI":0.9,"J85.SI":0.9},"content_text":"0540 GMT - CDL Hospitality Trusts may be hit by cooling hospitality demand, RHB Research analyst Vijay Natarajan says in a research report as RHB cuts the unit's rating to neutral from buy and the target price to S$1.03 from S$1.20. Revenue per available room for the REIT's Singapore hotels was softer in 2Q versus 1Q with management citing a lower event pipeline amid an increase in hotel-room supply and last-minute bookings, the analyst notes. The REIT's revenue per available room could fall again in 3Q, given last year's strong performance, the analyst adds. RHB lowers its 2024-2026 distribution-per-unit forecasts for the REIT by 3%-5%. Units are 2.1% lower at S$0.92. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 05, 2024 01:40 ET (05:40 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"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":"4.29.1","shortVersion":"4.29.1","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/2457022797"}