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Not smooth sailing but Ascendas Hospitality Trust stays attractive

Benjamin Cher
Benjamin Cher11/11/2016 01:27 PM GMT+08  • 1 min read
Not smooth sailing but Ascendas Hospitality Trust stays attractive
SINGAPORE (Nov 11): DBS is maintaining a “buy” call on Ascendas Hospitality Trust (AH-Trust) with a target price of 84 cents.
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SINGAPORE (Nov 11): DBS is maintaining a “buy” call on Ascendas Hospitality Trust (AH-Trust) with a target price of 84 cents.

Lead analyst Mervin Song notes that AH-Trust offers yield in excess of 7% and currently trades at 16% discount on its net asset value of 88 cents.

But not all is smooth sailing for AH-Trust though. The REIT faces headwinds from oversupply in the Singapore and Brisbane markets, as well as the strengthening Japanese Yen, notes Song.

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