CDL HTrust    Last:0.775   -

CDL HTrust - Nice breakout

Nice to see the recovery. Hope this bounces back to the SGD1.60 range later this year as the travel market recovers. Really too cheap at 0.7 of Price to Book Value.

 

Good to see hospitality REITS like CDLHT and Ascott recovering. They have been severely and unfairly battered down, and a big part of their exposure is in foreign markets like Europe, Australia, NZ and Japan and China, where they are reopening their tourism industries.   

 

Most of their hotels are not in SG and are likely reopening soon.

 

High-yield REITs to face challenges as lockdowns are lifted

SINGAPORE (May 29): The hospitality sector continues to be the worst performing sector. Despite their pedigree, CDL Hospitality Trusts (CDL-HT) and Ascott Residence Trust (ART) ranked among the REITs with the highest yields (see chart 1), based on their historic DPUs. REITs with high yields have a problem in that their cost of capital is high and equity fund raising will be difficult. While the circuit breaker in Singapore will be gradually lifted from June and Europe has started to lift its lockdowns, tourism is unlikely to stage a quick recovery. Hence, the hospitality REITs may continue to trade at high yields this year.

https://news.nestia.com/detail/High-yield-REITs-to-face-challenges-as-lockdowns-are-lifted/4242182

 

Return of travel is good newsflow

https://www.channelnewsasia.com/news/singapore/singapore-china-fast-lane-arrangement-travel-covid-19-12784946

 

Sweee... Strong closing... Next week $1.04 coming

 

Time to look at Singapore-listed blue chip developers

TUE, MAY 26, 2020 - 5:50 AM

CDL, UOL and CapitaLand shares present investors with significant valuation upside if they can ride out this down cycle

Singapore

PRIVATE home prices are poised for a moderate decline as unemployment looks set to rise and property viewings continue to be disallowed due to social distancing measures.

But shares of the largest Singapore-listed developers look attractive as they are trading close to...

​ https://www.businesstimes.com.sg/companies-markets/time-to-look-at-singapore-listed-blue-chip-developers

 

Thanks. Is it said anywhere that SG Hotels in Phase 2 can start receiving guests, or is it inferred, since Phase 3 is the rest of the larger social gathering events, eg church services, large sports events?

TANPK123      ( Date: 19-May-2020 22:00) Posted: Phrase 2 Goldfinger      ( Date: 19-May-2020 20:59) Posted: When cam hotels re-open to receive domestic guests?

 

Phrase 2

Goldfinger      ( Date: 19-May-2020 20:59) Posted: When cam hotels re-open to receive domestic guests?

 

When cam hotels re-open to receive domestic guests?

 

https://www.straitstimes.com/singapore/singapores-covid-19-circuit-breaker-ends-on-june-1-economy-to-reopen-in-three-phases?utm_medium=Social&utm_campaign=STFB&utm_source=Facebook $1 coming soon

 

Looking for recovery today. Hope can go back to above 95 soon.

 

CDL and CDLHT not the same lah.  Many of the CDLHT hotels in SG are housing SHN residents.  Anyway, easing of travel will be great news.

Sgvale      ( Date: 12-May-2020 21:34) Posted: CDL said only 30% of its 152 hotels worldwide are in operation with low occupancy. The rest are closed. Not looking good

 

CDL said only 30% of its 152 hotels worldwide are in operation with low occupancy. The rest are closed. Not looking good

 

last min throw down.... poor closing today

 

Excellent News.

COVID-19: Singapore in discussion with other countries on lifting travel restrictions with safeguards in place

 

Good price to pick now.

 

This will recover but at a later stage. Support office and retail reits first.

 

Hopefully see strong support next week

 

Great run up this week - may it break $1 again soon, and head towards $1.20.