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Home / Capital / Brokers Calls

ART, FEHT downgraded to 'hold' by OCBC; hospitality sector grapples with weak RevPAR

Broker's Calls

ART, FEHT downgraded to 'hold' by OCBC; hospitality sector grapples with weak RevPAR

Stanislaus Jude Chan Published on Tue, Apr 16, 2019 / 3:34 PM GMT+8

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SINGAPORE (Apr 16): OCBC Investment Research has downgraded its recommendations for both Ascott Residence Trust (ART) and Far East Hospitality Trust (FEHT) to “hold” from “buy”, after a strong rally so far this year for the two hospitality REITs.

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