CDL Hospitality Trusts Likely Hit by Headwinds -- Market Talk

Dow Jones09-24

0154 GMT - CDL Hospitality Trusts has likely been hit by some headwinds, RHB Research's Vijay Natarajan says in a research report. Revenue per available room for its hotels in Singapore fell 14% in 1H, mostly due to subdued corporate demand and increased hotel supply, the analyst says. The 3Q outlook remains soft with Singapore Grand Prix this year being held in October instead of end-September, the analyst says. The outlook for its hotels in the Maldives also appears challenging owing to increased competition. RHB Research cuts its 2025 and 2026 distribution-per-unit forecasts for the trust by 12% and 6%, respectively. It lowers the unit's target price to S$0.88 from S$0.93, with an unchanged neutral rating. Units are 0.6% lower at S$0.81. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

September 23, 2025 21:54 ET (01:54 GMT)

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The outlook for its hotels in the Maldives also appears challenging owing to increased competition. RHB Research cuts its 2025 and 2026 distribution-per-unit forecasts for the trust by 12% and 6%, respectively. It lowers the unit's target price to S$0.88 from S$0.93, with an unchanged neutral rating. Units are 0.6% lower at S$0.81. 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Revenue per available room for its hotels in Singapore fell 14% in 1H, mostly due to subdued corporate demand and increased hotel supply, the analyst says. The 3Q outlook remains soft with Singapore Grand Prix this year being held in October instead of end-September, the analyst says. The outlook for its hotels in the Maldives also appears challenging owing to increased competition. RHB Research cuts its 2025 and 2026 distribution-per-unit forecasts for the trust by 12% and 6%, respectively. It lowers the unit's target price to S$0.88 from S$0.93, with an unchanged neutral rating. Units are 0.6% lower at S$0.81. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 23, 2025 21:54 ET (01:54 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6512","symbol_name":"房地产股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2569723067","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2569723067","pubTimestamp":1758678840,"columns":[],"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":"0154 GMT - CDL Hospitality Trusts has likely been hit by some headwinds, RHB Research's Vijay Natarajan says in a research report. 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