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CapitaLand Ascott Trust (CLAS)
Broker's Calls
Hospitality S-REITs entering 'multi-year upcycle' with 'travelanche' of Chinese travellers: DBS
DPUs will recover to 106% of levels in FY2024, which will more than compensate for higher interest rate risks, say DBS's analysts.
April 13, 2023
Broker's Calls
HPH Trust, DFI Retail Group, SIA, REITs and other counters are DBS's top picks on China reopening and balanced Fed
Beyond April, the team is watchful of the seasonal ‘sell’ trend in May following post-ex-dividends.
April 11, 2023
REITs
Proxies to a Fed pause, China reopening, travel rebound
Falling risk-free rates, a Fed pause, a travel rebound and China's reopening could buoy selected S-REITs
February 05, 2023
Broker's Calls
Analysts keep 'buy' call on CapitaLand Ascott Trust after FY2022 beat
FY2022 distribution per unit of 5.67 cents is up 31% y-o-y.
February 03, 2023
Results
CapitaLand Ascott Trust reports 47% increase in 2HFY2022 DPS of 3.33 cents
For the FY2022, CLAS’s DPS increased by 31% y-o-y to 5.67 cents, up from FY2021’s DPS of 4.32 cents.
January 30, 2023
Broker's Calls
Not 'too late' to get in on hospitality rebound action for S-REITs in 2023: CGS-CIMB
Analysts are keeping “overweight” on the property sector in Singapore as the hospitality industry prepares for a “big rebound”.
January 20, 2023
Insider moves
MFS becomes CLINT's substantial shareholder again after buying units at lower price; DBS sells 1 mil units in CLAS
The sale brought DBS’s stake in CLAS to 37.97% or around 1.308 billion units.
December 24, 2022
Broker's Calls
PhillipCapital upgrades CapitaLand Ascott Trust to 'buy' as it sees a rebound underway
UOB Kay Hian has kept its “buy” call as it likes its recovery potential and resilient balance sheet.
November 03, 2022
Bonds and treasuries
CapitaLand Ascott Trust launches $157.4 mil sustainability-linked bond in partnership with IFC
The seven-year bond will mature in November 2029.
November 01, 2022
Results
CapitaLand Ascott Trust says 3QFY2022 gross profit at 90% of pre-Covid-19 levels
Revenue and gross profit for the quarter stood higher y-o-y due to contributions from the trust's new properties.
October 28, 2022