CDL Hospitality Trusts upgraded to 'add' by CIMB; $1.89 target intact

Stock Name: CDL HTrust
Company Name: CDL HOSPITALITY TRUSTS

Research House: CIMB

Price Call: BUY

Target Price: 1.89

SINGAPORE (Apr 30): CDL Hospitality Trusts (CDL-HT) is expected to benefit from the upcoming SEA games, according to CIMB Research.

"On the back of a stronger outlook, we upgrade out call on CDL-HT to an "add" with an unchanged target price of $1.89," said CIMB Research in a note released on April 30.

"We believe that CDL-HT is well-positioned to benefit from the upcoming SEA Games as four out of six of its hotels have been arranged to provide accommodation for the athletes and their entourages," it added.