As expected, hospitality REITs will take more time to recover, perhaps only in 2024, say CGS-CIMB Research analysts Eing Kar Mei and Lock Mun Yee in an October 1 note. The analysts are maintaining their “overweight” call on S-REITs, highlighting their “add” calls on Ascott Residence Trust with a target price of $1.05, CDL Hospitality Trust at $1.16 and Far East Hospitality Trust at 62.9 cents. 

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