|Bid||1.56 x 0|
|Ask||1.57 x 0|
|Day's range||1.5500 - 1.5700|
|52-week range||1.4300 - 1.8500|
|Beta (3Y monthly)||0.73|
|PE ratio (TTM)||13.45|
|Earnings date||26 Jul 2018 - 30 Jul 2018|
|Forward dividend & yield||0.09 (5.53%)|
|1y target est||1.67|
While there were lower distributions in the last quarter for CDL Hospitality Trusts (SGX: J85), investors can expect an improvement next year.
On 11 September 2018, OUE announced the disposal of the office components of mixed-used development OUE Downtown, comprising two high-rise office towers – 50-storey OUE Downtown 1 and 37-storey OUE Downtown 2 - to OUE Commercial Real Estate Investment Trust (OUECR). To fund this proposed purchase, OUECR intends to undertake a combination of debt financing of $361.6 million as well as rights issue to unitholders at 83 rights units for every 100 units held to raise gross proceeds of $587.5 million.
Since late last year, international tourists have been returning to our tiny red dot and arrivals are continuing to grow. According to Singapore Tourism Board, Singapore attracted 9.2 million visitors to our shores in 1H18, up 7.6 percent from a year ago. The hotel sector benefitted from the return of tourists, with hotel room revenue rising nine percent to hit almost $2 billion. Revenue per available room (RevPAR) also recorded almost four percent rise to $187 as a result of higher average room and occupancy rate.
Real estate investment trusts (REITs) fell behind property developers in the first half of the year. However, UBS expects a reversal in this trend in the second half of the year, following the implementation of a fresh round of property cooling measures effective 6 July 2018.
Vincent Yeo is the CEO of CDL Hospitality Trusts (SGX:J85), which has recently grown to a market capitalization of S$1.99B. Understanding how CEOs are incentivised to run and grow theirRead More...