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Ascott Residence Trust offers untapped potential

Nisha Ramchandani
Published Tue, Oct 25, 2016 · 09:50 PM

SOFTER corporate demand and an uncertain economic climate are plaguing the hospitality sector, but some analysts still spy promise in Ascott Residence Trust (ART).

Eight analysts have a "buy" call on the counter, while four have issued a "hold" call, according to Bloomberg data. The 12-month consensus target price stands at S$1.27, above Tuesday's closing price of S$1.145.

Factors underpinning the bullish outlook …

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