Home Capital Broker's Calls

Better earnings ahead for CDL HT as it rides local hospitality market recovery

Samantha Chiew
Samantha Chiew1/30/2019 11:42 AM GMT+08  • 4 min read
Better earnings ahead for CDL HT as it rides local hospitality market recovery
SINGAPORE (Jan 30): Analysts are keeping a positive stance on CDL Hospitality Trusts (CDL HT) following Tuesday results announcement.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Jan 30): Analysts are keeping a positive stance on CDL Hospitality Trusts (CDL HT) following Tuesday results announcement.

The managers of CDL HT, a stapled group comprising CDL REIT and CDL Hospitality Business Trust, posted a 2.1% decline in 4Q18 distribution per stapled security (DPS) to 2.77 cents from 2.83 cents in 4Q17.

The DPS decline was mainly attributed to the absence of contribution from three properties – two Brisbane hotels divested in Jan 2018, and the Dhevanafushi Maldives Luxury Resort, which has been closed since June 2018 for renovations as it rebrands to Raffles Maldives Meradhoo (RMM).

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now