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To add, I'm not that optimistic about SGP hospitality even though I have a big position in some SGP hospitality REITs. On the other hand, Japan and Australia are experiencing some type of tourism boom due to their weakened currencies. Also, there is a casino building hype in Australian cities like Brisbane and Sydney as well as Japan currently and new supply is constrained - so fundamentals going forward could be supported.
Goldfinger ( Date: 01-Nov-2015 18:21) Posted:
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But wouldn't the results be better if the AUD and JPY strengthen against SGD?
ecekca ( Date: 01-Nov-2015 16:33) Posted:
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AHT result was better mainly due to absence of cost of SGD2.1mio related to unwinding of AUDSGD cross currency swap
2Q16 occupancy rate for australia and china was lower than 2Q15 but with a higher ARR and Revenue Par to compensate it
If AUD and JPY continue to weaken against SGD, will impact even more
Of all the hotel reits, AHT trading at the highest with P/B of 0.94 (therefore not much upside), average P/B around 0.86
If economy not going to do well next year, hotel reits should be trading cheaper
Not much upside already
Decent results and better than I expected.
WSJ_Optimist ( Date: 03-May-2014 23:41) Posted:
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yes you are right but can be bought cheaper
of all the hotel reits, it trading at a high of P/B=0.94 compare to average 0.87
Local hotel reit like far east trading at only 0.71
Yup there are Yen and AUD risks.
But what balances is that these are derived from freehold properties which means an indefinite income stream, unlike many other REITs.
But what balances is that these are derived from freehold properties which means an indefinite income stream, unlike many other REITs.
marubozu1688 ( Date: 25-Oct-2015 12:30) Posted:
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Fundamental Analysis of Ascendes H-Trust.
FOREX is the main risk.
http://mystocksinvesting.com/singapore-stocks/ascendes-hospitality-trust/ascendes-hospitality-trust/
Another stock hitting the overbought indicator.
Sell or Short sell
anyone knows why it keep on rising?
today is up 3% for no particular reason
Lucky sold off in the past small profits...otherwise lose $$$ now..avoid
jebuscries ( Date: 21-Apr-2015 11:43) Posted:
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This is another REIT fellow investors should steer clear off. This REIT' s heavy exposure to Australia, Japan and China is a triple whammy.
China is slowing down, dragging Australia to its grave. Without the commodity boom propelled by China' s unsustainable CAPEX driven GDP growth, the AU economy will not recover to its glorious days. The good old 1.3 -1.4 SGD per AUD days are over. Coupled with the euphemistically named quantitative easing in Japan (Abenomics), A HTrust is set for a long period of weakness from both reduced asset valuation (lowered book value) and reduced NPI from its currency exposure.
And all this without taking into account the eventual interest rate hike. Did I mention its gearing ratio is more than 38%. JIALAT.
Definitely a no-go.
Been dipping lately?
Accumulating this stock at 0.72 target to stop buying around 0.75
ASCENDAS HOSPITALITY TRUST
A stapled group comprising:
Ascendas Hospitality Real Estate Investment Trust
(a real estate investment trust constituted on 13 March 2012
under the laws of the Republic of Singapore) managed by
Ascendas Hospitality Fund Management Pte. Ltd.
Ascendas Hospitality Business Trust
(a business trust constituted on 13 March 2012 under the
laws of the Republic of Singapore) managed by
Ascendas Hospitality Trust Management Pte. Ltd.
ISSUE OF 73,530,000 NEW STAPLED SECURITIES IN ASCENDAS HOSPITALITY TRUST
PURSUANT TO THE PRIVATE PLACEMENT
1. INTRODUCTION
Further to the announcements dated 31 March 2014, 1 April 2014 and 7 April 2014 in relation to
the private placement of 73,530,000 new stapled securities in Ascendas Hospitality Trust (&ldquo AHTRUST&rdquo ,
and the new stapled securities in A-HTRUST, the &ldquo New Stapled Securities&rdquo ) (the
&ldquo Private Placement&rdquo ), Ascendas Hospitality Fund Management Pte. Ltd., in its capacity as the
manager of Ascendas Hospitality Real Estate Investment Trust (the &ldquo REIT Manager&rdquo ) and
Ascendas Hospitality Trust Management Pte. Ltd., in its capacity as the trustee-manager of
Ascendas Hospitality Business Trust (the &ldquo Trustee-Manager&rdquo ), are pleased to announce that
the REIT Manager and the Trustee-Manager (collectively, the &ldquo Managers&rdquo ) have today issued
73,530,000 New Stapled Securities at an issue price of S$0.680. With the issue of the New
Stapled Securities, the total number of Stapled Securities in issue is 1,108,204,786 as at the
date of this announcement.
The New Stapled Securities will commence trading on the Main Board of Singapore Exchange
Securities Trading Limited (the &ldquo SGX-ST&rdquo ) at 9.00 a.m. on 9 April 2014.
2. STATUS OF THE NEW STAPLED SECURITIES
The New Stapled Securities issued pursuant to the Private Placement will, upon issue, rank pari
passu in all respects with the Stapled Securities in issue on the day immediately prior to the date
on which the New Stapled Securities are issued pursuant to the Private Placement, other than in
respect of the Advance Distribution.
2
A-HTRUST&rsquo s policy is to distribute its distributable income on a semi-annual basis to Stapled
Securityholders. In connection with the Private Placement, the Managers intend to declare a
cumulative distribution for (i) the period from 1 October 2013 to 31 March 2014 and (ii) the
period from 1 April 2014 to the day immediately prior to the date on which the New Stapled
Securities are issued pursuant to the Private Placement (collectively, the &ldquo Cumulative
Distribution&rdquo ). The Cumulative Distribution is estimated to range from 2.79 cents to 2.95 cents
per Stapled Security1. The Cumulative Distribution will only be distributed in respect of the
existing stapled securities in A-HTRUST in issue immediately prior to the issue of the New
Stapled Securities. A further announcement on the actual amount of Cumulative Distribution
(which may differ from the estimate above) will be made by the Managers in due course.
The next distribution thereafter will comprise A-HTRUST&rsquo s distributable income for the period
from the day the New Stapled Securities are issued pursuant to the Private Placement to 30
September 2014. Semi-annual distributions will resume thereafter.
A stapled group comprising:
Ascendas Hospitality Real Estate Investment Trust
(a real estate investment trust constituted on 13 March 2012
under the laws of the Republic of Singapore) managed by
Ascendas Hospitality Fund Management Pte. Ltd.
Ascendas Hospitality Business Trust
(a business trust constituted on 13 March 2012 under the
laws of the Republic of Singapore) managed by
Ascendas Hospitality Trust Management Pte. Ltd.
ISSUE OF 73,530,000 NEW STAPLED SECURITIES IN ASCENDAS HOSPITALITY TRUST
PURSUANT TO THE PRIVATE PLACEMENT
1. INTRODUCTION
Further to the announcements dated 31 March 2014, 1 April 2014 and 7 April 2014 in relation to
the private placement of 73,530,000 new stapled securities in Ascendas Hospitality Trust (&ldquo AHTRUST&rdquo ,
and the new stapled securities in A-HTRUST, the &ldquo New Stapled Securities&rdquo ) (the
&ldquo Private Placement&rdquo ), Ascendas Hospitality Fund Management Pte. Ltd., in its capacity as the
manager of Ascendas Hospitality Real Estate Investment Trust (the &ldquo REIT Manager&rdquo ) and
Ascendas Hospitality Trust Management Pte. Ltd., in its capacity as the trustee-manager of
Ascendas Hospitality Business Trust (the &ldquo Trustee-Manager&rdquo ), are pleased to announce that
the REIT Manager and the Trustee-Manager (collectively, the &ldquo Managers&rdquo ) have today issued
73,530,000 New Stapled Securities at an issue price of S$0.680. With the issue of the New
Stapled Securities, the total number of Stapled Securities in issue is 1,108,204,786 as at the
date of this announcement.
The New Stapled Securities will commence trading on the Main Board of Singapore Exchange
Securities Trading Limited (the &ldquo SGX-ST&rdquo ) at 9.00 a.m. on 9 April 2014.
2. STATUS OF THE NEW STAPLED SECURITIES
The New Stapled Securities issued pursuant to the Private Placement will, upon issue, rank pari
passu in all respects with the Stapled Securities in issue on the day immediately prior to the date
on which the New Stapled Securities are issued pursuant to the Private Placement, other than in
respect of the Advance Distribution.
2
A-HTRUST&rsquo s policy is to distribute its distributable income on a semi-annual basis to Stapled
Securityholders. In connection with the Private Placement, the Managers intend to declare a
cumulative distribution for (i) the period from 1 October 2013 to 31 March 2014 and (ii) the
period from 1 April 2014 to the day immediately prior to the date on which the New Stapled
Securities are issued pursuant to the Private Placement (collectively, the &ldquo Cumulative
Distribution&rdquo ). The Cumulative Distribution is estimated to range from 2.79 cents to 2.95 cents
per Stapled Security1. The Cumulative Distribution will only be distributed in respect of the
existing stapled securities in A-HTRUST in issue immediately prior to the issue of the New
Stapled Securities. A further announcement on the actual amount of Cumulative Distribution
(which may differ from the estimate above) will be made by the Managers in due course.
The next distribution thereafter will comprise A-HTRUST&rsquo s distributable income for the period
from the day the New Stapled Securities are issued pursuant to the Private Placement to 30
September 2014. Semi-annual distributions will resume thereafter.
It was announced they placed out at $0.68 to certain investors (not retail)
nphp1117 ( Date: 04-Apr-2014 17:45) Posted:
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How to know big investor are buying or not ?
Thanks
junction ( Date: 04-Apr-2014 17:29) Posted:
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If the big investors are buying at 68 cents, it woudnt be.costly to buy at this price.
JesseTyler ( Date: 04-Apr-2014 16:15) Posted:
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Any senior recommendation for this stock ?
nphp1117 ( Date: 04-Apr-2014 16:13) Posted:
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Any prediction of this stock? Is dividend announced?