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Analysts lift TPs on Ascott Residence Trust upon greater relaxation of Covid-19 measures

Chloe Lim
Chloe Lim5/6/2022 06:20 PM GMT+08  • 4 min read
Analysts lift TPs on Ascott Residence Trust upon greater relaxation of Covid-19 measures
Lyf one-north is enjoying occupancy of 85% even though it was opened just last November / Photo: ART
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Analysts are all positive about Ascott Residence Trust (ART) with recovery gaining traction amid greater reopening measures recently.


See: Ascott Residence Trust reports RevPAU of $67 in 1QFY2022, up 22%

CGS-CIMB Research, DBS Group Research, OCBC Investment Trust and UOB Kay Hian have all kept their “add” and “buy” calls. PhillipCapital has kept its “accumulate” call, one step below “buy”.

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