SINGAPORE (Feb 20): KGI Securities has downgraded its recommendation on Eagle Hospitality Trust (EHT) to a “neutral” from the previous “outperform”, and slashed its target price by 16.4% to 51 US cents. 

In an interview with The Edge Singapore on Thursday, analyst Amirah Yusoff stresses that the brokerage’s biggest concern for the REIT is its lack of clarity, which results in unwarranted risks for investors. 

EHT had hit the headlines several times last year amid concerns about its second largest asset, The Queen Mary, which is currently docked in Long Beach, California. 

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook