In her report dated April 30, Lock has upped her target price to $1.38 from $1.30 as CDLHT’s net property income (NPI) for the 1QFY2022 ended March stood in line with her estimates at 25.5% of her FY2022 forecasts.
Analysts are largely positive on CDL Hospitality Trusts (CDLHT) on the back of the trust’s growth in its revenues per available room (RevPAR).
CGS-CIMB Research analyst Lock Mun Yee has kept her “add” call on CDLHT, while OCBC Investment Research analyst Chu Peng has also maintained her “buy” call.
