CDL HTrust    Last:0.785   -

Riding on MICE wave

Ok, thks for sharing. Still too low for my expectations..

 

yea ur calculation is not exactly wrong, but wrong..the divvy is for the period jul-dec07, hence the 2.2% is for half yr. if u read the FY report, the DPU for FY07 is 8.98 cents, it's actually 4.3% yield for the year 2007 based on today's closing price of $2.09.

 

Oh man, thats only 2.2% yield including the special dividends.. that's crap.. ($46.1/current price $2090) = 2.2%

Business doing well, but it seems like not treating shareholders very well..

Pls correct me if i am wrong in my calculation.. still learning.. =)

 

FYI, divvy is annouced at final divvy 4.22 cents plus speical divvy of 0.39cents.

 

Its said hundreds of line of profit making steps over the last yr and yr to come in BT today but it didn't announce any Dividend given, stange. But its a good counter. Pse read BT paper page 5 for its CEO Vincent Yeo comments or surf net at www.businesstimes.com.sg

 

How much are they giving out the dividends?

 

This one is defensive stock in a bearish market. Up 7 cents now at $2.11.

 

CDL HOSPITALITY TRUSTS ENDS FY2007 ON A HIGH NOTE ? POSTS 97.2% REVENUE GROWTH AGAINST PROJECTIONS ? Strong underlying performance of CDLHT IPO hotels in Singapore with 33.5% increase in RevPAR1 to S$195 in 4Q FY2007 over 4Q FY2006; full year FY2007 RevPAR of S$175 up 30.1% over pro-forma full year FY2006 ? Gross revenues of S$28.0 million for 4Q FY2007, up 97.2% over projections; full year gross revenues of S$90.7 million, up 61.1% over projections ? Full year distributable income per stapled security of 8.98¢, up 61.8% over projections ? Strong balance sheet with 48% year-on-year

 

yes, FY results will be out after market close today. expecting divvy of at least 4cents

 

Is the results going to be out today?  

 

Singapore registered record tourist arrivals of 10.3m in 2007. Results coming out at month's end. More news on tourism coming out e.g. F1, IR etc.

 

So many good news on tourism in the Straits Times today and last few days. 10 million visitors, increase occupancy, higher room rates, upcoming major events e.g. F1 and the future IR. This will be reflected in the earnings of hotels in the next few quarters.  

 

Way overvalued. Expect to see under $2 soon.

 

Why keep dropping ah? Good Q3 results and optimistic outlook didn't help?

 

Announced stellar set of results yesterday. More good things to come for this counter. The slides below are very informative:

http://info.sgx.com/webcorannc.nsf/37e9d50ee377b2304825735f00233861/913b4c8345936276482573850033807e?OpenDocument

 

CDL HOSPITALITY TRUSTS REPORTS STELLAR RESULTS FOR 3Q FY2007

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balance sheet from low debtSignificant debt headroom of more than S$550 million1 for acquisitions with strong2 to assets ratio of 23%

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27.4% growth over same period last yearContinuing growth of CDLHT Singapore IPO hotels - RevPAR3 of $179 representing

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projections to S$24.0 millionGross revenue up 70% over pro-forma same quarter last year and 69% over IPO

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http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9D9FE29819B53A17482573850036A917/$file/Press_Release_3QFY07_Results.pdf?openelementDistributable income per stapled security up 68.6% over IPO projections to 2.36 cents

 

Yes, expect good 3rd quarter results.  

 

Third Quarter Results will be out tomorrow. Moved up today. Expecting to be good?

 

Moving up today on news of positive news on tourism and more jobs in the industry over the next few years. 

 

Hospitality sector upgraded by UBS. Target price for CDL Hospitality Trust given as $2.71 in the report.