Buy @ $0.73
Add back to my portfolio to prepare for 2H (Mar) results. DPU is paid semi-annually. DPU had shown good recovery over the past 2Qs, after the huge drop previously following the issuance of new units to fund a new acquisition,
- Q3 (Dec-13) = 1.61ct
- Q2 (Sep-13) = 1.41ct
- Q1 (Jun-13) = 1.35ct
- 2H (Mar-13) = 3.6616ct
- Q3 (Dec-12) = 1,77ct
Using Q3 (Dec-13) DPU, Yield = 8,822% ; Gearing = 35.8% ; NAV = $0.73
The key risks are,
- FOREX : Majority of assets are overseas – Australia, China, Japan and the strong S$ had affected DPU
- Economic : Assets are Hotels. The state of the economy will affect their biz which targets Tourists & Biz travellers
Short term or long term, I'm ok… 😀