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KGI downgrades Accordia Golf Trust to 'hold' but sees limited downside risks for investors

Strong winds from Typhoon Jebi causing damage to a container yard in Osaka in September. Accordia Golf Trust has had a spate of bad luck, with natural disasters hitting Japan during what would normally be peak golf season in the country.


A SERIES of natural disasters, a lack of near-term re-rating catalysts and a more cautious macroeconomic outlook have led broker KGI Securities to downgrade its recommendation on Accordia Golf Trust (AGT) to a "hold", with a revised target price of S$0.61.

The stock...

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