However, on the bank loans and debt front, Neo Telemedia has some HK$842.7 million of loans (of which HK$548 million are bank loans) categorised as current liabilities, which are generally payable within a year.
Keppel DC REIT’s (SGX:AJBU
) unit price is down to below $1.90 following the announcement of its results on the evening of October 16, when prices closed at $2.01. A couple of trading days earlier, KDC REIT’s price was at $2.07.
Some analysts point out that Neo Telemedia, the master lessee of KDC REIT’s data centres made a net loss in 1HFY2023 for the six months ended June. That is indeed the case. Neo Telemedia reported a loss of HK$123.7 million or a loss per share of 1.3 HK cents for the six months to June 30. This compared with a net profit of HK$40 million in 1HFY2022. Interestingly, Neo Telemedia recorded both positive operating cash flow and free cash flow.
