MOODY'S Investors Service has changed its outlook on Ascott Residence Trust (ART) and Frasers Hospitality Trust (FHT) to “stable” from “negative” while affirming its Baa3 rating for both trusts.

MOODY'S Investors Service has changed its outlook on Ascott Residence Trust (ART) to “stable” from “negative” and affirmed its Baa3 issuer rating.

Maybank Securities analyst Chua Su Tye has kept a “hold” rating on Frasers Hospitality Trust (FHT) with an increased target price of 55 cents from 50 cents.FHT’s Singapore portfolio saw gross operating revenue (GOR) rise approximately 9% y-o-y in 1HFY2022 ended March, while gross operating pro...

Analysts are all positive about Ascott Residence Trust (ART) with recovery gaining traction amid greater reopening measures recently.CGS-CIMB Research, DBS Group Research, OCBC Investment Trust and UOB Kay Hian have all kept their “add” and “buy” calls. PhillipCapital has kept its “accumul...

DBS Group Research analysts Yeo Kee Yan, Janice Chua and Woon Bing Yong are recommending investors switch from stock leaders to laggards on the recovery theme.This is as shares in counters benefitting from the reopening theme have re-rated since the easing of measures that include lowering the DORSC...

DBS Group Research has kept its “buy” call and $1.30 target price on Ascott Residence Trust, as its strategy of shifting towards so-called “longer stay” portfolio of properties starts to gain traction.Longer stay segment, which refers to student accommodation and other longer-term lease prop...

Ascott Residence Trust (ART) has reported a portfolio revenue per available unit (RevPAU) of $67, 22% higher y-o-y during the 1QFY2022 ended March. The higher figure was driven by higher average daily rates (ADR) and occupancy, says its manager.Revenue and gross profit increased y-o-y due to contrib...

HOSPITALITY trust Ascott Residence Trust (ART) said its portfolio revenue per available unit (RevPAU) rose 22 per cent on year to S$67 for its first quarter ended March, from S$55 a year ago.

THE following companies saw new developments that may affect trading of their securities on Friday (Apr 29):

Singapore’s reopening continues to gain ground, says CGS-CIMB Research analyst Lock Mun Yee, putting SIA Engineering Company (SIAEC), Singapore Post (SingPost) and SingTel in good stead for the coming months.“Sectors that will benefit include retail and office landlords, transport and those tour...