Brokers' take

CDL Hospitality Trust | Outperform Target price: S$1.64 April 27 close: S$1.53 Credit Suisse, April 27

CDL Hospitality Trust's Q1 17 distribution per unit of 2.42 Singapore cents was in line at 24-25 per cent of Credit Suisse and street's full-year estimates. Revenue and net property income were up 3.9 per cent and 6.4 per cent year on year respectively, mainly due to significantly stronger (+90 per cent y…