[ET Net News Agency, 28 August 2019] Daiwa Research lowered its target price for Regal
REIT (01881) to HK$2.07 from HK$2.62 and downgraded its rating from "outperform" to
"hold".
The research house said Regal REIT's 1H results reflect initial deterioration in its
hotels' performance from June but the trend has accelerated since July, which would affect
the outlook of Regal REIT's DPU in 2019-21.
The REIT noted that the demonstrations and protests in Hong Kong since June have
affected tourist arrivals to HK which has weighed on the operating performance of its
hotels in July and August.
Daiwa lowered its 2019-20 DPU by 11-23%. (KL)
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01881 REGAL REIT
Nominal 
0.435 +0.005 (+1.163%) Research Report
28/08/2019 09:39
{I-bank focus}Daiwa lowers Regal REIT (01881) to HK$2.07
| Remark: | Real time quote last updated: 18/04/2024 17:59 |
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