Ascendas Hospitality Trust

Ascendas Hospitality Trust (AHT): Turning crisis into opportunity
- Gapped down 12.6% to a low of $0.66 after asset divestment plans called off.
- AHT is currently priced at an attractive 0.96x P/B and 8% yield, compared to closest hospitality peers CDL Hospitality Trust (0.82x P/B, 7.8% yield) and Frasers Hospitality Trust (0.93x P/B, 7.6% yield).
- Pegging the average 7.7% distribution yield would give the stock a valuation of $0.72.