CDL HTrust
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CDL HTrust - Nice breakout
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Jan 2024 Tourists entering Singapore reach recent high even before the Visa free between China and Singapore.
Looks good for CDL Htrust!
Another one:
http://research.uobkayhian.com/content_download.jsp?id=77109& h=1376d4e67457e295e03e238ddc446aaf
UOB Kayhian: TP $1.48
Goldfinger ( Date: 30-Jan-2024 09:42) Posted:
Except for occupancy down a bit, RevPar was up. I thought the higher RevPar would have compensated for the lower occupancy or its also factored into that. Need to wait for the analyst reports now.
luckyguy3 ( Date: 30-Jan-2024 09:30) Posted:
Disappointed but if u look carefully, still not that bad compared to 1H23. I think 2H22 was a pent up one-off
result cos our govt removed the covid restrictions, suddenly every tourists coming in. Now normalised liao.
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Here you go. CDL Htrust analyst report from DBS dated 1 Feb 2024
http://www.dbs.com.sg/treasures/aics/templatedata/article/recentdevelopment/data/en/DBSV/022024/CDREIT_SP_02012024.xml
Goldfinger ( Date: 30-Jan-2024 09:42) Posted:
Except for occupancy down a bit, RevPar was up. I thought the higher RevPar would have compensated for the lower occupancy or its also factored into that. Need to wait for the analyst reports now.
luckyguy3 ( Date: 30-Jan-2024 09:30) Posted:
Disappointed but if u look carefully, still not that bad compared to 1H23. I think 2H22 was a pent up one-off
result cos our govt removed the covid restrictions, suddenly every tourists coming in. Now normalised liao.
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Yes, Ascott did better this round. But I did not understand the Ascott subtractions for swaps and the such so much.
Alignment ( Date: 30-Jan-2024 17:25) Posted:
| The 4 cent prediction did not age well. Should have bought Ascott trust instead. |
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The 4 cent prediction did not age well. Should have bought Ascott trust instead.
Hopefully with the China-Singapore visa free and rate cuts this year , DPU can start increasing again
Goldfinger ( Date: 30-Jan-2024 09:42) Posted:
Except for occupancy down a bit, RevPar was up. I thought the higher RevPar would have compensated for the lower occupancy or its also factored into that. Need to wait for the analyst reports now.
luckyguy3 ( Date: 30-Jan-2024 09:30) Posted:
Disappointed but if u look carefully, still not that bad compared to 1H23. I think 2H22 was a pent up one-off
result cos our govt removed the covid restrictions, suddenly every tourists coming in. Now normalised liao.
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Except for occupancy down a bit, RevPar was up. I thought the higher RevPar would have compensated for the lower occupancy or its also factored into that. Need to wait for the analyst reports now.
luckyguy3 ( Date: 30-Jan-2024 09:30) Posted:
Disappointed but if u look carefully, still not that bad compared to 1H23. I think 2H22 was a pent up one-off
result cos our govt removed the covid restrictions, suddenly every tourists coming in. Now normalised liao.
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Disappointed but if u look carefully, still not that bad compared to 1H23. I think 2H22 was a pent up one-off
result cos our govt removed the covid restrictions, suddenly every tourists coming in. Now normalised liao.
【 国 际 】 除 夕 开 始 新 中 互 免 签 证 春 节 中 国 客 来 新 订 单 涨 逾 14倍
新 加 坡 和 中 国 将 从 2月 9日 （ 农 历 除 夕 ） 起 互 免 签 证 ， 双 方 持 普 通 护 照 人 员 届 时 可 免 签 入 境 对 方 国 家 从 事 旅 游 、 探 亲 、 商 务 等 私 人 事 务 ， 停 留 不 超 过 30天 。 消 息 公 布 后 ， 机 票 酒 店 搜 索 倍 增 ， 春 节 中 国 游 客 赴 新 加 坡 订 单 涨 超 14倍 。
据 中 国 央 视 新 闻 报 道 ， 中 国 政 府 和 新 加 坡 政 府 代 表 昨 日 （ 1月 25日 ） 在 北 京 签 署 《 中 华 人 民 共 和 国 政 府 与 新 加 坡 共 和 国 政 府 关 于 互 免 持 普 通 护 照 人 员 签 证 协 议 》 。 协 议 将 于 2月 9日 （ 农 历 除 夕 ） 正 式 生 效 。 （ 文 ： 综 合 整 理 /图 ： 互 联 网 ）
详 情 请 看 《 新 明 日 报 》 。 有 新 闻 线 索 ， 请 拨 热 线 ： 91918727。
Translation: Singapore and China will exempt each other from 9 February (Chinese New Year' s Eve), and holders of ordinary passports from both sides will be able to enter each other' s countries visa-free for private affairs such as tourism, family visits, business and other personal affairs for a stay of up to 30 days. After the news was announced, the search for air tickets and hotels doubled, and the orders of Chinese tourists to Singapore during the Spring Festival increased by more than 14 times.
According to China CCTV News, representatives of the Chinese government and the Singapore government signed the " Agreement between the Government of the People' s Republic of China and the Government of the Republic of Singapore on Mutual Visa Exemption for Ordinary Passport Holders" in Beijing yesterday (January 25). The agreement will officially take effect on February 9 (Chinese New Year' s Eve). (Text: Comprehensive Collation/Photo: Internet)
For details, please see " Xinming Daily" . If you have news clues, please call the hotline: 91918727.
http://www.straitstimes.com/asia/singapore-china-mutual-visa-exemption-to-start-on-feb-9-in-time-for-cny-holidays
SINGAPORE &ndash Singapore and China will kick off their mutual 30-day visa-free arrangement on Feb 9, in time for the Chinese New Year holidays.
The agreement, signed on Jan 25 by officials from both sides, will allow ordinary passport holders from Singapore and China to enter each other&rsquo s country without the need for a visa, and for a stay of up to 30 days.
The exemption was announced in December 2023 when Deputy Prime Minister Lawrence Wong was in China for an annual top-level meeting between the two governments on cooperation and joint projects.
If it is really the case of a 4+cent dividend for the HY then that would be pretty attractive.
Great, looking forward to a possible 4 cents, and hopefully a bit more.luckyguy3 ( Date: 21-Jan-2024 20:48) Posted:
Estimated should be 3.8 to 4 cents ba..
Goldfinger ( Date: 21-Jan-2024 20:37) Posted:
| Any estimates for 2H 2023 dividend payout? At least 4 cents? |
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Estimated should be 3.8 to 4 cents ba..
Goldfinger ( Date: 21-Jan-2024 20:37) Posted:
| Any estimates for 2H 2023 dividend payout? At least 4 cents? |
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Any estimates for 2H 2023 dividend payout? At least 4 cents?
The pandemic&rsquo s impact on the outbound travel industry is evident in the registration of new travel-related companies. In 2019, China saw nearly a 10-year peak in new outbound travel-related companies, at 33,500. The number dwindled and even with a rebound, only 26,000 were added in 2023. There are now 118,500 outbound travel-related companies in China.
China outbound tourism is expected to continue to grow in 2024, as foreign visas become more accessible and pre-pandemic flights are restored.
Countries like Thailand, Malaysia, and Singapore, which are waiving or planning to waive visa requirements for Chinese tourists, are among the top destinations based on booking data, notes Boon Sian Chai, managing director and vice president of international markets for Trip.com Group. It&rsquo s a point he had highlighted while
speaking at the Skift Global Forum East in Dubai in December.
&ldquo The search volume for Singapore on our site jumped 80% the hour after the announcement that China and Singapore would soon put in place a 30-day mutual visa exemption,&rdquo Chai said. &ldquo Our outbound hotel and air reservations in the third quarter recovered to around 80% of pre-Covid levels.&rdquo
Any estimates on the FY 2023 year end dividend? I am looking at the 4 cents to 4.3 cents range, given the reopening of Grand Copthorne ballrooms, and the reopening of China travel, compared to the 3.59cents in FY 2022 year end dividend. About 20 per cent higher.chengwh1 ( Date: 20-Dec-2023 11:13) Posted:
Thank you, GF,... but Frasers Hospitality Trust seems to be retreating,... any opinions there ?
Goldfinger ( Date: 18-Dec-2023 21:08) Posted:
| As interest rates begin to fall, and fall they will - several things will happen that are going to be very positive, as (1) growth will resume, and so will tourists budgets to travel and spend and locals F& B budgets, (2) interest expense will fall and REITS will have more income to distribute, DPU will rise (3) the spread between bank deposits and T-Bills vs REIT dividends will grow in favour of REITS, hence some substitution effect (4) potentially the SGD may weaken, if inflation becomes less of an issue, attracting more tourists. So, I am positive. Especially as the replacement costs of hotel rooms continue to rise with asset inflation. Am positive going forward. |
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Thank you, GF,... but Frasers Hospitality Trust seems to be retreating,... any opinions there ?
Goldfinger ( Date: 18-Dec-2023 21:08) Posted:
As interest rates begin to fall, and fall they will - several things will happen that are going to be very positive, as (1) growth will resume, and so will tourists budgets to travel and spend and locals F& B budgets, (2) interest expense will fall and REITS will have more income to distribute, DPU will rise (3) the spread between bank deposits and T-Bills vs REIT dividends will grow in favour of REITS, hence some substitution effect (4) potentially the SGD may weaken, if inflation becomes less of an issue, attracting more tourists. So, I am positive. Especially as the replacement costs of hotel rooms continue to rise with asset inflation. Am positive going forward.
chengwh1 ( Date: 18-Dec-2023 14:12) Posted:
| My highest run-up so far among this one, FEHT and FHT. |
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As interest rates begin to fall, and fall they will - several things will happen that are going to be very positive, as (1) growth will resume, and so will tourists budgets to travel and spend and locals F& B budgets, (2) interest expense will fall and REITS will have more income to distribute, DPU will rise (3) the spread between bank deposits and T-Bills vs REIT dividends will grow in favour of REITS, hence some substitution effect (4) potentially the SGD may weaken, if inflation becomes less of an issue, attracting more tourists. So, I am positive. Especially as the replacement costs of hotel rooms continue to rise with asset inflation. Am positive going forward.chengwh1 ( Date: 18-Dec-2023 14:12) Posted:
| My highest run-up so far among this one, FEHT and FHT. |
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My highest run-up so far among this one, FEHT and FHT.
