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CDL Hospitality Trusts (CDLHT)
Broker's Calls
RHB remains 'neutral' on CDLHT with potential slowdown in Maldives and European portfolio
The ongoing Russia-Ukraine war is likely to slow down recovery for CDLHT’s Maldives and European portfolio: RHB.
March 14, 2022
REITs
CDL Hospitality Trusts makes accretive acquisition of Hotel Brooklyn in UK for $43.8 mil
Hotel Brooklyn is a newly-opened upscale four-style hotel in Manchester, on 57 and 59 Portland Street.
February 22, 2022
Palm oil
CDL Hospitality Trusts reports 11.0% lower DPS of 3.06 cents for 2HFY2021
This brings total DPS for the FY2021 to 4.27 cents, which fell 13.7% y-o-y.
January 28, 2022
Broker's Calls
UOB Kay Hian upgrades CDLHT to 'buy' with higher TP of $1.42
Analyst Jonathan Koh is positive on the REIT as he sees it benefitting from the reopening, which is slated to resume in 2H2022.
January 04, 2022
Broker's Calls
CDL Hospitality Trusts top beneficiary for domestic staycation boost: DBS
CDLHT is expected to benefit from an uptick in domestic staycations as concerns over the Omicron variant curb overseas travel.
December 07, 2021
Broker's Calls
RHB keeps 'neutral' on CDLHT as its 3QFY21 and 9MFY21 operational numbers perform below expectations
RHB now expects a “meaningful recovery” for the hospitality sector only in 2023, compared to the 2H2022 as previously thought.
November 05, 2021
Results
CDL Hospitality Trusts’ 3Q21 NPI grow 34.8% y–o-y to $20.5 mil
The stronger performance was underpinned by contributions from overseas markets including New Zealand, UK and Germany.
October 29, 2021
REITs
CDLHT pivots to BTR, acquires property in Manchester
CDL Hospitality Trusts acquires a build-to-rent property which will be DPS accretive when ready in 2024.
August 31, 2021
Results
CDL Hospitality Trusts post 19.2% decline in DPS of 1.22 cents for 1H21
Net property income (NPI) for the 1HFY2021 increased 24.4% y-o-y to $37.0 million.
July 30, 2021
Broker's Calls
CGS-CIMB remains positive on ART and CDLHT on gradual resumption of travelling activities
The analysts have also kept their “add” calls on ART and CDLHT with target prices of $1.20 and $1.43 respectively.
May 03, 2021