CDL HTrust
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-0.005
CDL HTrust - Nice breakout
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281-300 of 596
Thank you.
What is the source of the chart pls?
Latest figures for Jan24. REVPAR.
Compared to Jan23 of 192, Jan24 achieved 217
Average Room rate up 10.8% yoy and Occupacy Rate up 5.1% yoy.
Then
Feb 24: China-Sg Visa free and Mar 24: Taylor Shift and Air show positive catalysts.
&zwnj
Q1/24 should be much better than Q1/23 and hopefully with the on going recovery of tourism around the world, H1/24 will be much better than H1/23 since CDL Htrust interest rate is predicted to peaked at 4.2% currently vs 4.1% in H1/23. So I do expect H1/24 results and dividend to be higher than H1/23. Fingers crossed.
CDL H Trust
52 Week High/Low :1.270 - 0.930.
http://www.dbs.com/in/treasures/aics/templatedata/article/generic/data/en/GR/022024/240219_singapore_stock_pulse.xml
Trending Sector
Singapore Tourism
Our view of a strong recovery in visitor arrivals in 1Q24 is unfolding
- Our earlier call for a strong recovery in visitor arrivals in 1Q24 is panning out well:
- Jan-24 bucked the historical trend of falling m-o-m visitor arrivals, with a strong 15.9% increase
- Chinese visitors jumped 62% m-o-m to 211.2k (or 66% of 2019 levels), likely driven by the Chinese winter holiday
- Robust tourism demand and revenue as positive readthrough from latest CNY holiday data, with international tourism nearing close to 90% of 2019 levels
- February arrivals to Singapore may stay firm
- Chinese winter holiday period spans from 20th Jan to 20th Feb
- 30-day visa-free arrangement is effective from 9th Feb
- Singapore Airshow from 20-25 Feb is anticipated to draw 50k trade visitors with > 1000 companies from over 50 countries taking part
- 1Q24 visitor momentum to be sustained on robust pipeline of MICEs events (Singapore Airshow this week, Taylor Swift concerts in March) -> Taylor Swift concerts reported to generate A$1.2bn in economic value in Australia, US$228m in Japan through consumption and tourism-related spends
- Tourism-related stocks are potential beneficiaries &ndash
- Hospitality REITs &ndash CDL Hospitality (66% SG exposure) and Far East Hospitality (100% SG exposure) prefer CDL Hospitality for its higher corporate/MICE exposure and attractive forward FY24/25F yields of 6.7%
- Robust air traffic recovery to bolster SATS&rsquo ground handling and aviation food service segments -> Changi Airport volumes expected to return to pre-pandemic levels this year
- Return-risk profile less favourable at today&rsquo s level for Genting SG as it is currently trading close to our analyst&rsquo s TP of S$1.05 (consensus: S$1.18)
This year, Jan visitors to Singapore already hit high since covid. + China-Sg visa free + Airshow + Taylor Shift + other concerts
I think hospitality reits will huat...
luckyguy3 ( Date: 08-Feb-2024 08:19) Posted:
Taylor shift concerts + Airshow coming. Plus Jan 2024 has hit the highest visitors to Singapore since Covid started.
Looks likely number of visitors will be back to pre-covid soon + China-Sg visa free + Plus interest rate has peaked,
looks good for CDL Htrust. Strange why ppl never notice.
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https://www.channelnewsasia.com/singapore/taylor-swift-singapore-concerts-stb-grant-economic-benefits-4141056?cid=FBcna& fbclid=IwAR0YUCgpyrmRRPmbPloxP332zFXKB56jjyiFjZMvm6LXNkR070Se7hyx380
SINGAPORE: American pop star Taylor Swift has yet to arrive but the knock-on effects of her upcoming stop in Singapore
are already being felt and are likely to be wide-ranging.
Hotels and airlines told CNA that demand for flights and accommodation around the dates of Swift' s concerts has increased up to 30 per cent.
Higher valuation is good. Makes the chance of cash calls due to high gearing ratios less likely.
luckyguy3 ( Date: 12-Feb-2024 17:28) Posted:
NTA $1.44. FY23 (recent) valuation saw an increase of > 10% over FY22 becos of better cash flow.
Yes, was disppointed that DPU for 2H/23 never reached 4 cents BUT i quite hopeful this year 1H or 2H will reach close to 4 cents as travel resumes to pre-covid level.
Keeping fingers crossed.
Latest news report on the effect of Singapore-China Visa free scheme:
http://sbr.com.sg/hotels-tourism/news/singapore-china-visa-free-programme-boosts-cny-bookings-sg
Goldfinger ( Date: 11-Feb-2024 18:09) Posted:
| Grand Copthorne after the Reno should also be in pretty good shape now. Indications that SG inbound travel will pick up in 2024 is gaining traction |
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NTA $1.44. FY23 (recent) valuation saw an increase of > 10% over FY22 becos of better cash flow.
Yes, was disppointed that DPU for 2H/23 never reached 4 cents BUT i quite hopeful this year 1H or 2H will reach close to 4 cents as travel resumes to pre-covid level.
Keeping fingers crossed.
Latest news report on the effect of Singapore-China Visa free scheme:
http://sbr.com.sg/hotels-tourism/news/singapore-china-visa-free-programme-boosts-cny-bookings-sg
Goldfinger ( Date: 11-Feb-2024 18:09) Posted:
Grand Copthorne after the Reno should also be in pretty good shape now. Indications that SG inbound travel will pick up in 2024 is gaining traction.
Alignment ( Date: 11-Feb-2024 17:49) Posted:
Fair enough (sort of). I don' t particularly rate that hotel but I accept many people consider it a five star hotel. I chose my words poorly.
That said, it is only 1 out of 7 SIngapore properties, and smaller than the average. My more general point holds. |
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Grand Copthorne after the Reno should also be in pretty good shape now. Indications that SG inbound travel will pick up in 2024 is gaining traction.
Alignment ( Date: 11-Feb-2024 17:49) Posted:
Fair enough (sort of). I don' t particularly rate that hotel but I accept many people consider it a five star hotel. I chose my words poorly.
That said, it is only 1 out of 7 SIngapore properties, and smaller than the average. My more general point holds. |
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Fair enough (sort of). I don' t particularly rate that hotel but I accept many people consider it a five star hotel. I chose my words poorly.
That said, it is only 1 out of 7 SIngapore properties, and smaller than the average. My more general point holds.
What is W Hotel Sentosa? Six stars??? You may not really know this company then.
Alignment ( Date: 11-Feb-2024 17:16) Posted:
| Sure, for 5 star hotels. Unfortunately for CDL they do not have any of those. The competition is increasingly more with like airbnb that are offering comparable stays at sub S$200 a night. |
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Sure, for 5 star hotels. Unfortunately for CDL they do not have any of those. The competition is increasingly more with like airbnb that are offering comparable stays at sub S$200 a night.
Taylor Swift March hotel prices are even more crazy. Some hotels charging over $1k per night, like double normal prices.
Alignment ( Date: 10-Feb-2024 16:59) Posted:
Mid Feb is almost like a last minute booking.
You can book a room in that hotel in March for S$220 a night. So cheap. No way you could book an equivalent hotel in Western Europe at that price. |
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Mid Feb is almost like a last minute booking.
You can book a room in that hotel in March for S$220 a night. So cheap. No way you could book an equivalent hotel in Western Europe at that price.
Hotel prices in SG during the Taylor Swift concert week are insane. So with the China travel free visa, Airshow, Taylor Swift and cold play, all in the same quarter, Q1 2024 may just knock us off our feet.
Go check out the crazy high hotels rate for Grand Copthorne during 20-25 Feb Airshow dates to see pricing demand.
Alignment ( Date: 09-Feb-2024 21:40) Posted:
The issue is not so much the number of people coming in, but the supply of properties in Singapore, especially at the low to medium end which is where most of the S HREITs play. Supply has grown more than demand.
You can see the weakness in the results in the last 3-6 months. Which is why Ascott REIT has outperformed as it is less Singapore focused.
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The issue is not so much the number of people coming in, but the supply of properties in Singapore, especially at the low to medium end which is where most of the S HREITs play. Supply has grown more than demand.
You can see the weakness in the results in the last 3-6 months. Which is why Ascott REIT has outperformed as it is less Singapore focused.
Taylor shift concerts + Airshow coming. Plus Jan 2024 has hit the highest visitors to Singapore since Covid started.
Looks likely number of visitors will be back to pre-covid soon + China-Sg visa free + Plus interest rate has peaked,
looks good for CDL Htrust. Strange why ppl never notice.
