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CDL Hospitality Trusts More than meets the eye

“Debunk” street’s view that CDL H’s portfolio RevPAR has been lagging industry peers in recent quarters Positive data points; we remain cautiously optimistic on prospects in 2012 Maintain BUY and DDM-based TP of S$1.85 Not as bad as what street thinks. The recent stellar hotel performances from the two integrated resorts in 2Q/3Q 2011 have ...

 

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