CDL Hospitaity Trusts

FEHT, CDLHT, LREIT, DFI Retail and CDL are the stocks to look at for bargains after their corrections.

CDLHT warns that while demand has returned strongly, the industry, as whole, is facing labour and cost pressures.

“We believe that the hospitality and office sectors will continue to shine on the back of improving fundamentals.”

See the analysts' recommendations and target prices here.

The trust reported NPI of $19.8 mil for 1Q21 as travel restrictions continue to impact its business.

Take a look at these stocks this week: UOL, APTT, Straits Trading, Yangzijiang, ART, CDLHT

The brokerage believes valuations remain attractive at 0.82 times P/NAV due to recovery prospects being overlooked.

Ascott Residence Trust remains OCBC's top pick for the sector.

Singapore staycation demand is encouraging, with weekends achieving occupancy up to the permitted capacity.

Despite facing impact from Covid-19 on all segments, City Developments Limited (CDL) is fixed on long-term recovery, with the hospitality sector expected to rebound after a vaccine is found, say analysts.