RHB Group Research analyst Vijay Natarajan has kept “neutral” on CDL Hospitality Trusts (CDLHT) with an unchanged target price of $1.25.
Natarajan’s Nov 1 report came after the REIT posted its business update for the 3QFY2021 ended September on Oct 29.
For the 3QFY2021, CDLHT’s net property income (NPI) stood 34.8% higher y-o-y at $20.5 million. Revenue for the quarter increased by 32.8% y-o-y to $40 million.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
