UOB KayHian started ARA US Hospitality Trust at Buy with a target price of US$1.15, pointing to its higher-margin niche of upscale select-service hotels.
ARA US Hospitality Trust
These are Singapore companies which may be in focus on Wednesday, 11 June 2019: Temasek, Sembcorp, Gallant, OUE, China Jinjiang Environment, OCBC and UOB.
These are Singapore companies which may be in focus Friday, 10 May 2019: Genting Singapore, SGX, SATS, OUE Commercial REIT and Ascendas Hospitality Trust.
ARA US Hospitality Trust ended its first day of trade on SGX at US$0.88, flat with its offering price, after trading in a range of US$0.865 to US$0.88.
These are Singapore companies which may be in focus on Friday, 3 May 2019: UOB, SembMarine, Frasers Property, ARA US Hospitality, OUEHT and Great Eastern.
ARA Asset Management said Thursday it registered to list ARA US Hospitality Trust on SGX in an offering expected to raise US$498 million.