- CDL Hospitality Trusts’s strong 2H22 results were in line with expectations. Its outlook is moderated by a mix of slowing economic growth and inflationary pressures, but positive surprise could come from a strong rebound in Chinese tourist arrivals. This, however, is mostly priced in (CDL Hospitality Trusts's share price has risen 25% in the last three months), and the stock is trading at levels close to its book value.
- - Read this at SGinvestors.io -
CDLHT's 2H22 Results
- CDL Hospitality Trusts (CDLHT, SGX:J85)'s 2H22 operational DPU grew 75% y-o-y, on a 48% y-o-y growth in NPI, with 6 of its eight operating markets recording healthy improvements. 13 of CDL Hospitality Trusts's 17 hotels outperformed pre-pandemic RevPAR in 4Q22 (vs 4Q19). Portfolio value (on a same-store basis) rose 4.8% y-o-y, driven by a 9% valuation jump in Singapore assets.
- - Read this at SGinvestors.io -
Positive outlook with Singapore expected to lead therecovery...
- Read more at SGinvestors.io.
Vijay Natarajan RHB Securities Research | https://www.rhbgroup.com/ 2023-01-31
Read also RHB's most recent report:
2024-03-14 CDL Hospitality Trusts - Recovery Momentum Intact; BUY.
Previous report by RHB:
2023-10-30 CDL Hospitality Trusts - Recovery Momentum Intact; BUY.
Price targets by 2 other brokers at CDL Hospitality Trusts Target Prices.
Listing of research reports at CDL Hospitality Trusts Analyst Reports.
Relevant links:
CDL Hospitality Trusts Share Price History,
CDL Hospitality Trusts Announcements,
CDL Hospitality Trusts Dividends & Corporate Actions,
CDL Hospitality Trusts News Articles
