CDL Hospitality Trusts (CDLHT)

The divestment is expected to be completed on Oct 30.

Total revenue for the period registered a 44.5% decline to $52.1 million from the $93.8 million a year ago.

CDL Hospitality Trusts (CDLHT) has been one of the REITs hit the hardest by the coronavirus outbreak. Since Jan 20, the counter has fallen 7.8%, and is currently trading at a 52-week low. Is it time to buy on the dip?

4QFY2019 revenue rose 3.2% to $54.0 million, driven by full quarter contribution from the rebranded Raffles Maldives Meradhoo resort and higher contribution from its Singapore hotels.

SINGAPORE (Dec 18): Against an outlook that is “turning less cloudy”, DBS Group Research has advised investors to adopt a “barbell approach” to strike a balanced risk-reward.

SINGAPORE (Dec 5): UOB Kay Hian has called investors’ attention to five promising stocks that offer further potential upsides of more than 20% to their target prices. 

SINGAPORE (Nov 25): As property heavyweights CapitaLand, City Developments (CDL), CDL Hospitality Trusts (CDLHT) and Ascott Residence Trust (Ascott REIT) band together to in a bid to redevelop the Liang Court site into an integrated development, market wa

The divestment of NCQ at $375.9 million to a consortium including joint venture vehicles of CDL, Capitaland, and its sponsor, the parent company of Millennium & Copthorne Hotels (M&C) was announced on Thursday.  See: City Dev, CapitaLand lead consorti

SINGAPORE (Nov 25): CapitaLand has been busy with transactions this month. First, it proposed on Nov 1 to divest 28 US campus properties and two business parks in Singapore to Ascendas Real Estate Investment Trust (Ascendas REIT). On Nov 20, the develop­

SINGAPORE (Nov 21): The managers of CDL Hospitality Trusts (CDLHT) is looking to acquire the 240-room W Singapore – Sentosa Cove for $324.0 million.