CDL Hospitality Trusts (CDL HT)

Ascendas REIT remains best proxy to the burgeoning S-REIT space: Maybank
SINGAPORE (April 4): Maybank Kim Eng is remaining “positive” on the Singapore REIT (S-REITs) sector on expectations of continued outperformance, while highlighting Ascendas REIT (A-REIT) as the best proxy to overall recovery across S-REITs.   The research house has adjusted its FY19-21 distribution per unit (DPU) estimates by between -2% and +4%. It is also raising its target prices ...
5 recommendations by Maybank as the S-REIT space eases into recovery mode
SINGAPORE (Feb 28): Maybank Kim Eng is remaining “positive” on the Singapore REIT space as it believes sector valuations will remain supported by recovering distributions per unit (DPUs), especially for hospitality; increased traction of capital recycling initiatives and acquisition momentum; and a backdrop of a slower rate hike cycle. Maybank continues to favour large-caps and laggards, ...
CDL Hospitality Trusts 4Q DPS falls 2.1% to 2.77 cents on divestment impact & ongoing AEI
SINGAPORE (Jan 29): The managers of CDL Hospitality Trusts (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 a year ago. This was mainly due to the absence of contribution from three properties, specifically two Brisbane hotels divested in Jan 2018, as well as ...
CDL Hospitality Trusts reports 4.8% lower 3Q DPS of 2.18 cents amid ongoing asset enhancements
SINGAPORE (Oct 31): The managers of CDL Hospitality Trusts (CDL HT) have declared a distribution per stapled security (DPS) of 2.18 cents for 3Q18, down 4.8% from 2.29 cents a year ago in the absence of contributions from divested and temporarily closed properties. CDL HT is a stapled group comprising CDL Hospitality Real Estate Investment Trust (H-REIT) and CDL Hospitality Business Trust ...
Hospitality REIT sector kept at 'overweight' on valuations
SINGAPORE (Oct 4): CDL Hospitality Trusts remains CGS-CIMB Securities’ top pick for 2019 while Far East Hospitality Trust is its pick for the near term. CDL-HT is expected to deliver stronger growth in 2019 due to its hotels on Orchard Road and in the Maldives. FEHT is CGS-CIMB’s pick for the near term as iits RevPAR growth was also one of the strongest in 1H2018 due to the completion ...
CDL Hospitality Trusts kept at ‘add’ as proxy for recovering local hotel market
SINGAPORE (May 2): CGS-CIMB, RHB and UOB are maintaining CDL Hospitality Trusts at “add” after its results came in line with expectations. Both 1Q18 gross revenue and NPI saw respective increases of 11.6% and 5.4% y-o-y, due to inorganic contribution from The Lowry Hotel in Manchester, UK, and Pullman Hotel Munich in Germany. However, this was partially offset by softer trading ...
CDL Hospitality Trusts' 1Q DPS rises 7.4% to 2.17 cents on improved portfolio performance
SINGAPORE (Apr 28): The manager of CDL Hospitality Trusts (CDL HT) has announced a total distribution per stapled security (DPS) of 2.17 cents for the first quarter ended Mar 2018, up 7.4% from 2.02 cents a year ago on improved portfolio performance. Revenue grew 11.6% to $51.8 million from $46.4 million previously, with net property income (NPI) registering a 5.4% rise over the quarter to ...
Can Singapore's hotels depend on automation to ease its manpower woes?
SINGAPORE (Apr 6): CDL Hospitality Trusts (CDL HT) is embracing automation amid a general lull in its local operations. The profitability of its Singapore hotels has been on a downtrend for the last five years, in line with the broader sector. With the rise of sharing economy players such as Airbnb, which is now targeting business travellers and introducing features meant to entice human ...
Improved tax transparency treatment of REIT ETFs expected to boost yield
SINGAPORE (Mar 6): UOB Kay Hian is staying "overweight" on REITs given improved tax transparency treatment of REIT exchange traded funds (ETFs) is expected to boost yield and proliferation of the instrument. This means key constituents of FSTREI (FTSE ST Real Estate Investment Trusts Index) and ETFs should also benefit as greater fund flow should support valuations. "CDL Hospitality Trusts ...
Singapore stock strategy by CIMB after an uneventful earnings season
SINGAPORE (Mar 5): DBS's windfall dividend was the most "exciting" event over the two months of earnings reporting, says CIMB, given 4Q17 was not an impressive quarter for Singapore stocks. However, CIMB is still "overweight" on banks gong forward as they seem most defensive, trading at mean of CY18 1.35 times P/BV with 11.3% ROE. The banks have also cleaned up their oil & gas loan book ...