Sell @ $0.715
Not fully done, left one batch + 200 shares due to jokers transacting in 100 shares throughout the whole day… 😀
Changed my mind to hold for longer term after seeing the weaker results of CDL HTrust, FE-HTrust & FHTrust. Revenue from Singapore Hotel assets were lower by -10+ yoy, Australia assets did well but Revenue were ~6% lower due to weaker A$. The bright spot was Japan but Revenue ended up only +6% higher due to weaker JPY.
- CDL H-Trust : Gross Rent yoy
- Singapore -13%
- Australia -6.1%
- FE-HTrust : RevPAR -11% yoy (Singapore)
- FHT : Listed on 14-Jul-14
- Japan NPI +6% vs IPO Forecast
- Singapore & Australia Assets includes Serviced Apt
A-HTrust assets are Australia (63%), Singapore (15%), Japan (16%) & China (6%) by NPI. Assuming similar performance as the other 3 REITs, A-HTrust DPU will not be as badly impacted as Singapore assets forms a smaller portion. Further, the positive from the end of CCS unwinding will mitigate the negatives.
My projected DPU is now lower at 2.73ct to 2.8ct, giving a Yield @ $0.715 = 7.63% to 7.83%, improving to 8.34% to 8.57% in next HY (Sep) when we see the full impact of the CCS unwinding.
Still, I have decided to take profit first…