hospitality sector

ART, FEHT downgraded to 'hold' by OCBC; hospitality sector grapples with weak RevPAR
SINGAPORE (Apr 16): OCBC Investment Research has downgraded its recommendations for both Ascott Residence Trust (ART) and Far East Hospitality Trust (FEHT) to “hold” from “buy”, after a strong rally so far this year for the two hospitality REITs. “ART and FEHT have inched up toward our fair value,” says lead analyst Deborah Ong in a Monday report. “As our fair values for each ...
Datapulse to acquire Seoul hotel for $42.7 mil
SINGAPORE (Dec 17): Datapulse Technology announced that it is acquiring Hotel Aropa, a hotel located in Seoul, Korea, from Hotel Prima Co for a consideration of KRW 35 billion ($42.7 million). See: Datapulse announces diversification plans with intended acquisition of hotel in Seoul The 127-room midscale hotel is located near Seoul’s Myeongdong district in the Namdaemun area of ...
Will Kim-Trump powwow lure more visitors to Singapore?
SINGAPORE (June 8): The historic Trump-Kim Summit is scheduled to be hold on June 12 at Sentosa Capella Hotel. Also, prestigious hotels in Singapore, such as Shangri-La and St Regis, have also been marked as “special event areas”. In a Thursday report, CGS-CIMB Research analyst Lim Siew Khee says, “We think the heightened security measures in the gazetted areas (Sentosa Island and ...
Munich and Manchester give CDL Hospitality's revenue a lift
SINGAPORE (Oct 30): CDL Hospitality Trust (CDLHT) on Friday announced its 3Q17 results, posting a 3% decrease in distribution per stapled security (DPSS) to 2.29 cents compared to 2.36 cents in the previous year. The decrease in DPSS was due to the effect of right issue which was completed in August. Excluding this, the trust would have posted a 12.3% increase in DPSS to 2.74 cents. The ...
The time to look into hospitality REITs is now
SINGAPORE (Aug 4): Chong Kee Hiong, CEO of OUE Hospitality Trust (OUE-HT)’s manager, senses from his regular interaction with investors that the market is looking for an inflection point in the hotel sector. “More investors are looking into this segment and we are getting more enquiries, and the same group of investors is seeing other hospitality players. It’s a very macro picture for ...
Wait for dips to buy into hospitality sector, advises OCBC
SINGAPORE (March 28): OCBC Investment Research is maintaining its “neutral” call on Singapore’s hospitality sector with OUE Hospitality Trust (OUE HT) as its top and only “buy” pick in the Singapore REITs space at a fair value of 75 cents. CDL Hospitality Trusts (CD REIT), Far East Hospitality Trust (FEHT) and Ascott REIT (ART) have been rated “hold” at fair value estimates ...
With recovery in hospitality sector on hold for another year, what should investors do?
SINGAPORE (March 16): OCBC is maintaining its “neutral” rating on the hospitality sector, advising investors to buy into the sector on dips. The rating comes on the back of challenging operational outlook for FY17 with prospect of revenue stabilisation FY18. In FY16, industrywide average occupancy rates (AOR), average room rates (ARR) and revenue per available room (RevPAR) fell 0.9 ...
Another tough operating year ahead for Singapore’s hospitality sector
SINGAPORE (Jan 18): OCBC Investment Research is keeping its “neutral” rating on Singapore’s hospitality sector on expectations of a challenging 2017, but highlighting opportunities for dollar-cost averaging in 2018. In a Tuesday report, lead analyst Deborah Ong notes a growing proportion of Chinese travellers arriving by land compared to by air – which she thinks could be due to an ...
OCBC positive on ART, CDLHT in ailing hospitality sector
SINGAPORE (Aug 29): OCBC Investment Research is keeping its “neutral” rating on the hospitality sector with expectations that the industry’s supply overhang situation will worsen this year. Nonetheless, the research house says there are still undervalued stocks within the hospitality space. It remains positive on Ascott Residence Trust (ART) and CDL Hospitality Trust (CDLHT) with fair ...