Maybank Kim Eng analyst Chua Su Tye maintained his target price of 95 cents on CDLHT, and noted that while NPI rose 49% q-o-q with a reopening of its UK and Italy hotels, transient demand for isolation business in Singapore and New Zealand is set to ease in 1Q2021.
Analysts from Maybank and RHB Group Research have maintained their “hold” and “buy” calls on CDL Hospitality Trust (CDLHT) respectively, after the REIT announced its lower net property income (NPI) declined 57.4% y-o-y in 3QFY2020.
