Singapore Stock Market News
CDL Hospitality Trust - Tide is turning
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Publish date: Wed, 29 Jan 2014, 10:32 AM
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CDL-Hospitality Trusts (CDL-HT) just released its 4Q13 earnings with revenue and DPU growing by 2.8% yoy and 0.7% yoy respectively. These results are inline with our FY13 estimate with a deviation of 2.0% . On the back of more events coupled with the recovery of both global economy and corporate spending, we maintain a more uptick outlook of the hospitality market in FY14. However, with an expected 2,926 rooms coming on stream this year, the growth in RevPAR is expected to be limited to 2-3%.
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