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CDL Hospitality Trusts (CDLHT)
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
Broker's Calls
Analysts remain cautious on CDL Hospitality Trusts on uncertain outlook
RHB and Maybank Kim Eng kept their ratings for CLD Hospitality Trusts unchanged at 'neutral' and 'hold' respectively.
May 03, 2021
Broker's Calls
CGS-CIMB and RHB downgrade CDL Hospitality Trusts to 'hold' due to slower-than-expected recovery
Despite the downgrade, CGS-CIMB and RHB have upped and maintained their target price estimates to $1.24 and at $1.25 respectively.
February 01, 2021
Results
CDL Hospitality Trusts reports 57.4% drop in 3Q NPI to $15.2 mil
CDLHT's gross revenue and NPI registered growth in 3QFY2020 compared to the previous quarter.
October 30, 2020
Broker's Calls
CGS-CIMB views CDLHT’s Novotel Brisbane divestment as a 'good move', maintains 'add'
"The disposal came at an opportune time as the fixed rent lease will expire in Apr 2021," say the analysts.
October 22, 2020