Brokers' take
Hospitality | NEUTRAL OCBC Investment Research, Oct 10
Singapore Tourism Board figures as well as feedback from industry sources suggest a somewhat flat quarter in terms of distribution per unit (DPU) growth for upscale and mid-tier hotels, with the latter outperforming the former. Meanwhile, there's no major change in outlook on serviced residences as demand is expected to remain soft amid the US-China trade tensions.
OUE Hospitality Trust (OUEHT) is our top pick after the recent rout, with OUEHT's unit price trading below book at about 0.9 times FY18 forecasted price/book ratio and …
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Singapore shares open higher on Friday; STI up 0.2%
TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Singapore loses ‘world’s best airport’ crown to Qatar
Higher gross rental income, lower expenses boost CICT’s Q1 NPI by 6.3% to S$293.7 million
Stocks to watch: CICT, Seatrium, Keppel DC Reit, UOB