Brokers' take

Singapore Reits | Overweight UOB Kay Hian, Oct 30

RESULTS of CDL Hospitality Trust were below expectations, while those of Suntec and Frasers Hospitality Trust (FHT) were in line. Maintain "hold" on CD Hospitality with a raised target of S$1.70 (from S$1.62). Maintain "hold" on Suntec with a higher target price of S$2.05 (from S$1.95). Maintain "buy" on FHT with a higher target price of S$0.85 (from S$0.80).

Sheng Siong Group | Buy Target price: S$1.04 Oct 30 close: S$0.94 OCBC Investment Research, Oct 30