CapitaLand Ascott Trust Cut to Accumulate at Phillip Secs

2024-02-09 05:24:03.80 GMT

By Bloomberg Automation
(Bloomberg) -- Phillip Securities analyst Darren Chan cut the recommendation
on CapitaLand Ascott Trust to accumulate from buy.
* PT set to S$1.04, implies a 11% increase from last price.

Performance Metrics

* Investors who followed Chan's recommendation received a negative 11% return in the
past year, the same as the company's performance.

* In the last 18 months, Phillip Secs has rated CapitaLand Ascott Trust buy once and
accumulate twice.
* The stock fell an average 11% in the periods rated accumulate and rose 2.7% in the
periods rated buy.

The following table shows the analyst's ratings history, the stock performance during the
span of those recommendations and index comparisons:
*T
================================================================
| | | Percent | Straits
Date | Rating | Price Change | Change | Times
================================================================
Nov. 1,| |89 Singapore | |
2023 |Buy |cents - S$1 | 2.7%| 2%
July | | | |
31, | |85 Singapore | |
2023 |Accumulate |cents - S$1.12 | -19%| -8.8%
Aug. | | | |
18, | |88 Singapore | |
2022 |Accumulate |cents - S$1.15 | -2.6%| 3.1%
*T

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