- CapitaLand Ascott Trust (SGX:HMN)'s 1Q24 gross profit rose 15% y-o-y due to stronger operating performance and contributions from new properties. It was 7% higher y-o-y on a same-store basis.
- - Read this at SGinvestors.io -
- Upgrade CapitaLand Ascott Trust from ACCUMULATE to BUY with an unchanged DDM-based CapitaLand Ascott Trust target price of S$1.04 due to the recent performance of CapitaLand Ascott Trust share price.
- - Read this at SGinvestors.io -
The Positives
1Q24 RevPAU grew 6% y-o-y to S$135, in line with pre-pandemic 1Q19 pro-forma RevPAU mainly due to higher ADRs.
- Read more at SGinvestors.io.
Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.
Darren Chan Phillip Securities Research | https://www.stocksbnb.com/ 2024-04-25
Read also Phillip's most recent report:
2025-01-28 CapitaLand Ascott Trust - Growth On All Cylinders.
Previous report by Phillip:
2024-11-01 CapitaLand Ascott Trust - Portfolio Reconstitution Efforts Bearing Fruit.
Price targets by 4 other brokers at CapitaLand Ascott Trust Target Prices.
Listing of research reports at CapitaLand Ascott Trust Analyst Reports.
Relevant links:
CapitaLand Ascott Trust Share Price History,
CapitaLand Ascott Trust Announcements,
CapitaLand Ascott Trust Dividend Payout Dates & Corporate Actions,
CapitaLand Ascott Trust News
