8/17/2023 0 Comments Best hotel stocks to buy nowThe hotel now has 1,080 rooms and five restaurants and bars. The Hilton Singapore Orchard Hotel was rebranded from Mandarin Orchard at a cost of around S$90 million. ![]() The Retail segment saw rents declined through the year due to the sustained operational challenges facing the prime retail segment due to the pandemic. FY21’s DPU was S$0.026, of which S$0.0137 was distributed in 2H21, indicating that 2H21 was stronger than 1H21, mainly because of higher contributions from its hospitality segment. The stock is currently trading at S$0.42, below its net asset value (NAV) of S$0.57. The hotel and retail property account for S$2.1 billion or 36% of the total asset valuation and contribute 41% of the total revenue. The 2 hotel assets are Hilton Singapore Orchard and Crowne Plaza Changi Airport while the retail mall is Mandarin Gallery. Since the Merger of OUE Commercial Trust (OUECT) and OUE Hospitality Trust(OUEHT) in 2019, OUECT now has a portfolio of 7 properties in Singapore, with the former OUEHT contributing a total of 3 properties to the portfolio, 2 properties being Hotels and 1 property being a retail mall. With a dual prong approach of accretive acquisition and increased operational profit from the reopening, CDLHT is looking at higher YoY distributions to unitholders. Assuming the acquisition was completed in Dec 2021, Aggregate leverage would increase from 39.1% as at December 2021 to 40.0%. This is still less than half of FY19’s DPU of S$0.092.ĬDLHT also recently acquired Hotel Brooklyn in Manchester, United Kingdom for approximately S$43.8 million, thus increasing its total portfolio size to S$2.6 billion. Similarly, occupancy and RevPAR also picked up in 2H21. FY21’s DPU was S$0.0427, of which S$0.0306 was distributed in 2H21, indicating that 2H21 was stronger than 1H21, mainly because of higher contributions from 7 countries. The stock is currently trading at S$1.28, below its net asset value (NAV) of S$1.33. The Singapore properties account for S$1.7 billion or 65% of the total asset valuation and contribute 45% of the net property income(NPI). The 6 hotels are Orchard Hotel, Grand Copthorne Waterfront Hotel ,M Hotel, Copthorne King’s Hotel, Studio M Hotel and W Singapore–SentosaCove. In Singapore, it has 7 properties which comprise 6 hotels and 1 retail mall, Claymore Connect. 3) CDL Hospitality Trusts (SGX: J85)ĬDL Hospitality Trusts (CDLHT) has a portfolio of 20 properties, comprising 18 hotels, 1 retail mall and 1 apartment in 9 countries across the world. The company also provided a favourable 2022 outlook across all segments, with the Hospitality segment underpinned by the reopening theme while its property investment segment would benefit from increase prices for private residential. However, FY21’s result was still significantly below FY19’s pre pandemic revenue and earnings. ![]() FY21’s earnings per share was S$0.0131, of which S$0.0081 was earned in 2H21, indicating that 2H21 was stronger than 1H21, as the company recorded higher revenues from its hotel business. The stock is currently trading at S$0.36, below its net asset value(NAV) of S$0.70. The company also has a hospitality portfolio abroad in countries such as China and Thailand and is also involved in property investment and development. Amara also owns the 100am retail mall, situated just beside the Amara Singapore and manages the Thanying Restaurant and Silkroad restaurant situated in Amara Singapore. Amara owns a portfolio of hotels and resorts under the Amara brand in Singapore such as the Amara Singapore, a 388 guestroom hotel and the Amara Sanctuary Resort in Sentosa, which comprises of 140 guestrooms, suites and villas.
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