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

Felicia Tan
Felicia Tan10/22/2020 04:50 PM GMT+08  • 2 min read
CGS-CIMB views CDLHT’s Novotel Brisbane divestment as a 'good move', maintains 'add'
"The disposal came at an opportune time as the fixed rent lease will expire in Apr 2021," say the analysts.
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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).

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