CDL Hospitality Trusts' Valuation Seems Reasonably Attractive

Dow Jones09:30

0130 GMT - CDL Hospitality Trusts' stock valuation of 0.6 times its price-to-book value ratio appears reasonably attractive to RHB Research's Vijay Natarajan. The real-estate stapled trusts' management guided for a stronger 2H outlook as it expects to retain lower borrowing costs while its core markets' net property income rises. The trusts' new hospitality asset Moxy Singapore Clarke Quay is scheduled to open by early 2027, which should increase CDL Hospitality Trusts' Singapore room count by 19%, the analyst says. Still, he flags that any escalation in the Middle East conflict poses a key risk to the trusts' performance. RHB trims its target price to 0.96 Singapore dollar from S$0.97 and maintains a buy rating. Stapled securities rise 1.3% to S$0.805.

At the request of the copyright holder, you need to log in to view this content

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