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Analysts have mixed outlook on CDLHT

Samantha Chiew
Samantha Chiew8/1/2022 11:41 AM GMT+08  • 4 min read
Analysts have mixed outlook on CDLHT
Analysts have different outlooks on CDLHT.
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CDL Hospitality Trusts (CDLHT) recently announced its 1HFY2022 ended June results and analysts have mixed sentiments on the trust.

To recap, the trust’s manager, on July 29, announced a distribution per stapled security (DPS) of 2.04 cents for 1HFY2022, up 67.2% y-o-y, as travel demand resumes. Net property income (NPI) improved by 37.8% y-o-y to $51 million; revenue was up 49% over the same period to $98.6 million.

Citi Research remains the most bearish as it keeps a “sell” call on CDLHT with a target price of $1.15, as analyst Brandon Lee attributes his recommendation to 2QFY2022 results missing his forecast, which could result in negative share price impact.

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