Singapore Stock Market News

Singapore Hospitality REITs - Huan Ying!

StockFanatic
Publish date: Mon, 29 Jun 2015, 11:59 AM
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STB's recently released visitor arrival and hotel RevPAR data for April 2015 show weak numbers YTD on the back of volatile regional currencies and intense competition within the mid/economy tiered segments.

In 2015, bright spots lie in the potential recovery of Chinese visitors as positive catalysts such as
i) STB's promotional activities in China and

ii) the recent launch of the 10-year visas for Chinese visitors continue to establish Singapore as a mono-destination.

On this basis, we maintain our Overweight rating on the hospitality REIT sector as we believe the strength to outweigh the weakness, with CDL-HT as our top pick.
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