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Banyan Tree kept at ‘buy’ by Phillip on growing RevPARs, revenue recognition

PC Lee
PC Lee8/15/2017 03:47 PM GMT+08  • 2 min read
Banyan Tree kept at ‘buy’ by Phillip on growing RevPARs, revenue recognition
SINGAPORE (Aug 15): Phillip Capital is maintaining its “buy” call on Banyan Tree with a lower target price of 74 cents to account for lower than expected disposal gain.
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SINGAPORE (Aug 15): Phillip Capital is maintaining its “buy” call on Banyan Tree with a lower target price of 74 cents to account for lower than expected disposal gain.

In a Monday report, Phillip Capital says Banyan Tree’s earnings outlook brightens on growing RevPARs.

“We expect RevPAR growth to continue in 2H17 in Thailand as tourism slowly recovers from the passing of the Thai king,” says lead analyst Tan Dehong in a Monday report.

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