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Broker's take: OCBC downgrades CDLHT to 'hold' on growing concerns over pandemic

orchard hotel - cdlht.jpg
Singapore properties in CDLHT's portfolio include Orchard Hotel (above), Grand Copthorne Waterfront Hotel and M Hotel.

AMID the intensifying spread of the novel coronavirus, OCBC Investment Research has lowered its rating on CDL Hospitality Trusts (CDLHT) to "hold" from "buy" previously, and cut its fair value estimate on the counter to S$1.09 from S$1.62. 

As at 1.10pm on Monday, units in CDLHT were...

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