Asset StabilizationManagement expects stronger second half from asset stabilization, rate cuts, and tourism tailwinds.
International Portfolio PerformanceThe UK hotel portfolio accounted for approximately 15% of net property income, with revenue per average room rising and net property income increasing by 27% year-over-year.
ValuationAttractive valuations for a Singapore-focused hotel play, maintain BUY with target price of SGD1.10.