CDL Hospitality Trusts (CDLHT)

RHB and Maybank Kim Eng kept their ratings for CLD Hospitality Trusts unchanged at 'neutral' and 'hold' respectively.

Despite the downgrade, CGS-CIMB and RHB have upped and maintained their target price estimates to $1.24 and at $1.25 respectively.

CDLHT's gross revenue and NPI registered growth in 3QFY2020 compared to the previous quarter.

"The disposal came at an opportune time as the fixed rent lease will expire in Apr 2021," say the analysts.

The divestment is expected to be completed on Oct 30.

Total revenue for the period registered a 44.5% decline to $52.1 million from the $93.8 million a year ago.

CDL Hospitality Trusts (CDLHT) has been one of the REITs hit the hardest by the coronavirus outbreak. Since Jan 20, the counter has fallen 7.8%, and is currently trading at a 52-week low. Is it time to buy on the dip?

4QFY2019 revenue rose 3.2% to $54.0 million, driven by full quarter contribution from the rebranded Raffles Maldives Meradhoo resort and higher contribution from its Singapore hotels.

SINGAPORE (Dec 18): Against an outlook that is “turning less cloudy”, DBS Group Research has advised investors to adopt a “barbell approach” to strike a balanced risk-reward.

SINGAPORE (Dec 5): UOB Kay Hian has called investors’ attention to five promising stocks that offer further potential upsides of more than 20% to their target prices.