CDL Hospitality Trusts' Singapore Business Needs More Sustained Recovery -- Market Talk

Dow Jones01-30

0730 GMT - CDL Hospitality Trusts' revenue per available room in Singapore still needs to show a more sustained recovery, says Citi analyst Brandon Lee in a note, who reiterates his sell rating for this reason. This is despite its Singapore hotels' revenue per available room returning to double-digit growth in 4Q after some quarterly declines, Lee says. While some key overseas markets such as Japan and Australia contributed favorably to net property income growth, other major overseas markets such as Europe and Maldives underperformed, he adds. Citi maintains a S$0.60 target price on CDL Hospitality Trusts, which rises 3.6% to S$0.87. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

January 30, 2026 02:30 ET (07:30 GMT)

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