0338 GMT - CDL Hospitality Trusts likely faces a more muted outlook, CGS International analysts say in a note. While the Singapore-listed real-estate trust reported strong 1Q net property income, it faces several challenges ahead, they write. Its New Zealand operations' revenue per available room is under pressure due to reduced Middle East airline crew business, and geopolitical tensions involving China are weighing on its Japan hotels, among other factors, they say. CDL Hospitality Trusts' management also noted demand moderation in Singapore. The analysts cut their 2026-2028 revenue projections by 4%-10% to reflect these issues. Still, CGSI retains its add rating and S$0.90 target price. Stapled securities are flat at S$0.805. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
May 04, 2026 23:38 ET (03:38 GMT)
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