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Home / Capital / Brokers Calls

CGS-CIMB views CDLHT’s Novotel Brisbane divestment as a 'good move', maintains 'add'

Broker's Calls

CGS-CIMB views CDLHT’s Novotel Brisbane divestment as a 'good move', maintains 'add'

Felicia Tan Published on Thu, Oct 22, 2020 / 4:50 PM GMT+8

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CGS-CIMB analysts Eing Kar Mei and Lock Mun Yee are reiterating their “add” call on CDL Hospitality Trust (CDLHT) with the same target price of $1.16.

See: CDL Hospitality Trusts divests Novotel Brisbane for $66.4 million

The rating comes on the same day after CDLHT announced its divestment of Novotel Brisbane for A$67.9 million ($66.4 million).