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Eyeing for Great Singapore Sales for CDL Trust but need to wait patiently for the correction over. Still over value now.
http://mystocksinvesting.com/singapore-reits/singapore-reits-comparison-table-for-dividend-investing-as-passive-income-june-2013/
CDL Hospitality Trusts (CDLHT) on Wednesday posted a distributable income per unit of 2.90 Singapore cents for the fourth quarter ended Dec 31, 2012, down 1.4 per cent from the same period a year earlier.
Distributable income for the fourth quarter ended Dec 31, 2012 was flat at S$31.24 million.
For the full year ended Dec 31, 2012, distributable income increased by 3 per cent from a year earlier to S$121.66 million.
Gross revenue for the full year ended Dec 31, 2012 increased 6.0 per cent from to a year ago to S$149.54 million.
From OCBC
CDL Hospitality Trusts: Awaiting more positive hospitality figures
Summary: Being both a dividend play and one of the most liquid hospitality counters with good exposure to Singapore, CDLHT saw its unit price climb 36% end-2011 to a one-year high in mid Oct. However, moderation in the industry’s pace of growth, first seen in 2Q12, increased further in 3Q12 and CDLHT’s unit price has fallen 9% from the recent high. Our outlook for the hospitality industry remains cautious for the early part of 2013 but more positive in the longer term. On another note, given the high prices at which hotel sites have been sold for recently, the size of new hotel rooms in the future may become smaller. This will favor existing hotel assets and incumbents such as CDLHT. We maintain our fair value of S$1.91 on CDLHT and HOLD rating
Wish You A Nice Day