Ascott Residence Trust (ART) could profit by parent CapitaLand's late tie-up with Tujia, named China's response to Airbnb, says UOB Kay Hian lead expert Derek Chang in an Oct 14 report which has a "purchase' on ART with $1.37 target cost.
"We figure this could permit ART to influence on Tujia's worldwide reach (around 430,000 postings in China, Bangkok, Singapore, Tokyo and South Korea) and aptitude to scale up its online nearness, improving its booking stage and back-end bolster," says Chang.
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