Home Capital Broker's Calls

ART raised to 'buy' by UOB KayHian for disciplined recycling of capital

PC Lee
PC Lee4/12/2019 11:16 AM GMT+08  • 2 min read
ART raised to 'buy' by UOB KayHian for disciplined recycling of capital
SINGAPORE (Apr 12): UOB KayHian is raising Ascott Residence Trust (ART) to “buy” with $1.46 target price given it has been disciplined when it comes to recycling capital.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Apr 12): UOB KayHian is raising Ascott Residence Trust (ART) to “buy” with $1.46 target price given it has been disciplined when it comes to recycling capital.

Ascott Residence Trust (ART) invests in income-producing assets used as serviced residences, rental housing and other hospitality assets.

In Jan, it sold premier serviced residence Ascott Raffles Place at $353 million which represents an attractive exit yield of 2% and a divestment gain of $134 million.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now