EHT had hit the headlines several times last year amid concerns about its second largest asset, The Queen Mary, which is currently docked in Long Beach, California.
SINGAPORE (Feb 20): KGI Securities has downgraded its recommendation on Eagle Hospitality Trust (EHT) to a “neutral” from the previous “outperform”, and slashed its target price by 16.4% to 51 US cents.
In an interview with The Edge Singapore on Thursday, analyst Amirah Yusoff stresses that the brokerage’s biggest concern for the REIT is its lack of clarity, which results in unwarranted risks for investors.
