Singapore Stock Market News
CDL Hospitality Trust - The waiting continues
StockFanatic
Publish date: Wed, 30 Oct 2013, 04:16 PM
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
3Q13 results were slightly weaker
than our estimate with DPU for the
quarter accounting for 23% of our
FY13 forecast and 9M13 DPU at 71%.
We lower our estimates to account
for the slightly weaker-than-expected
results and roll over our valuations
to FY15. This nudges up our
DDM-based target price (discount
rate: 8.5%) to S$1.76. Maintain
Neutral.
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