CapitaLand Ascott Trust f.k.a. Ascott Trust *Official* (SGX:HMN)

[homer123]

WTF ..look like heading toward 2020 low

 

[sohguanh]

WTF ..look like heading toward 2020 low

Not only this stock but a few other following soon. For ppl who have been waiting it is time to enter IMHO but ppl who don't believe in S-Reit story anymore yes either sell all or search elsewhere for other investment.

 

[homer123]

Not only this stock but a few other following soon. For ppl who have been waiting it is time to enter IMHO but ppl who don't believe in S-Reit story anymore yes either sell all or search elsewhere for other investment.

Even S-Reit is suffering one of the worst bear market, its drop in term of percentage is still nowhere near the previous crash. Probably more room to fall if we want to see the bottoming process run through

 

[sohguanh]

Even S-Reit is suffering one of the worst bear market, its drop in term of percentage is still nowhere near the previous crash. Probably more room to fall if we want to see the bottoming process run through

Agree. Oldbird teach me invest with monies you can afford to lose then all is ok. I follow this rule so far I verified they are true after so many years. Never all in is my own rule added which I think is also common advice.

 

[sohguanh]

Ok finally touch 52 week low of 87 cents. Next week queue!

 

[homer123]

 

[zeroX26]

Ok finally touch 52 week low of 87 cents. Next week queue!

Today dropped more, you managed to get uncle?

 

[sohguanh]

Today dropped more, you managed to get uncle?

It has set new 52 week low after I buy in and I was also queueing for CDL HTrust, Capland India Trust also. $12+ broker fee each trade quite chor now for me. My strategy is revised as below

All the REIT, business trust I must have at least one entry in my CDP.
Then for the same REIT, business trust I use the other broker custodian account with $1-2 broker fee to slowly buy in but queue at a price X % away from my CDP buy in price for the same counter

Yes you can say I am still buying in the REIT story. Ppl are selling so I collect. Unless the counter get delisted from SGX else when time come they die die must give me my dividends.

 

[zeroX26]

It has set new 52 week low after I buy in and I was also queueing for CDL HTrust, Capland India Trust also. $12+ broker fee each trade quite chor now for me. My strategy is revised as below

All the REIT, business trust I must have at least one entry in my CDP.
Then for the same REIT, business trust I use the other broker custodian account with $1-2 broker fee to slowly buy in but queue at a price X % away from my CDP buy in price for the same counter

Yes you can say I am still buying in the REIT story. Ppl are selling so I collect. Unless the counter get delisted from SGX else when time come they die die must give me my dividends.

I don't understand this strategy leh uncle.

 

[sohguanh]

I don't understand this strategy leh uncle.

You see td ameritrade case this month. So the custodian broker I choose wait follow same and then during transfer to other brokers not fully go over got lost dividends or no give full dividends etc issue. So CDP confirm won't go the way like td ameritrade I am quite sure.

Why then I still choose custodian broker is becuz fees are very cheap so I can place a few orders X % apart of the queue price. Custodian broker I pay about $2 fee each trade whereas CDP $12 fee each trade. For that $12 I can get 6 trades of $2 fee with different buy in price.

 

[direbmem]

You see td ameritrade case this month. So the custodian broker I choose wait follow same and then during transfer to other brokers not fully go over got lost dividends or no give full dividends etc issue. So CDP confirm won't go the way like td ameritrade I am quite sure.

Why then I still choose custodian broker is becuz fees are very cheap so I can place a few orders X % apart of the queue price. Custodian broker I pay about $2 fee each trade whereas CDP $12 fee each trade. For that $12 I can get 6 trades of $2 fee with different buy in price.

You are not using REIT ETF as proxy for REITs DCA? Then can enjoy 0.28% Poems broker fee?

 

[sohguanh]

You are not using REIT ETF as proxy for REITs DCA? Then can enjoy 0.28% Poems broker fee?

That one also have weekly DCA. Due to my diversified nature minimum investment always key for me. Overlapping some may say but for CFA GRN they are not pure SG REIT.

 

[LongXia]

hit $1 after such a long long time……. But it has to cross over $1.00 convincingly , before we can talk about “normal service has resumed” $1.30 range…..
One of the World’s best ”difficult to go belly up” hospitality REIT/Trust…..at least that’s what I believe…..

 

[DevilPlate]

hit $1 after such a long long time……. But it has to cross over $1.00 convincingly , before we can talk about “normal service has resumed” $1.30 range…..
One of the World’s best ”difficult to go belly up” hospitality REIT/Trust…..at least that’s what I believe…..

But did u whack when it drop below 90cts since u have such strong conviction it wun belly up? Haha

 

[TehSi99]

hit $1 after such a long long time……. But it has to cross over $1.00 convincingly , before we can talk about “normal service has resumed” $1.30 range…..
One of the World’s best ”difficult to go belly up” hospitality REIT/Trust…..at least that’s what I believe…..

if crossed over $1.00 to be normal service, then it would be consider at the high end fairly price.

 

[LongXia]

first invested in Ascott Group on 5/12/00, made tons after sold some and accepted Capland exit offer of $1.73 on 22/2/08.

Reentered in ART in 2009, subscribed to rights 2010, 2013, 2017, 2023, got free shares 2023, rec‘d converted shares 2019. Before Covid, yield been 8 to 9%++ based on my average cost price…… usually divested 30% to 50% every time it hit above $1.40, sometimes $1.30+++….. of course, buy back when deemed attractive below $1.00…. Now average price well below 0.80.

….. now forms one of my biggest players in my TEAM REITs…. Together with CICT, CLAS it forms my strike force … goalie is “steady hands” PLR…. AIMS & KIT my solid centre backs, Mapletree my midfielders, and I have FCT & FLT as my overlapping full backs…. Wait till you see my substitute bench….. I feel good.

as I said, go with the flow…. Watch The black market gangsters play….. never wrong

 

[LongXia]

CapitaLand Ascott Trust divests three hotels in Japan for JPY10.7 billion

Singapore, 18 December 2023 – CapitaLand Ascott Trust (CLAS) is divesting three hotels in
Osaka, Japan to an unrelated third party for a total of JPY10.7 billion (S$99.8 million1). The
three properties are Hotel WBF Honmachi, Hotel WBF Kitasemba East and Hotel WBF
Kitasemba West.

The three properties will be divested at about 15% above book value. Net proceeds of the divestment are expected to be about JPY3.9 billion (S$36.4 million) and CLAS will recognise
a net gain of JPY1.1 billion (S$10.1 million). The divestment of the three properties is expected to be completed in 1Q 2024.

https://links.sgx.com/FileOpen/2023...rJPY10.7B.ashx?App=Announcement&FileID=780948

 

[LongXia]

first invested in Ascott Group on 5/12/00, made tons after sold some and accepted Capland exit offer of $1.73 on 22/2/08.

Reentered in ART in 2009, subscribed to rights 2010, 2013, 2017, 2023, got free shares 2023, rec‘d converted shares 2019. Before Covid, yield been 8 to 9%++ based on my average cost price…… usually divested 30% to 50% every time it hit above $1.40, sometimes $1.30+++….. of course, buy back when deemed attractive below $1.00…. Now average price well below 0.80.

….. now forms one of my biggest players in my TEAM REITs…. Together with CICT, CLAS it forms my strike force … goalie is “steady hands” PLR…. AIMS & KIT my solid centre backs, Mapletree my midfielders, and I have FCT & FLT as my overlapping full backs…. Wait till you see my substitute bench….. I feel good.

as I said, go with the flow…. Watch The black market gangsters play….. never wrong

Btw, i din say won’t go belly up….. I said difficult to go belly up….. two different things…
and to me, normal service is when it is $1.30 + for fun…..
$1.00 is not normal….. but then this is Covid and yield normal service has not resumed
even when it is $1.10 + when the dragon roars, is still not normal…….

 

[LongXia]

More asset recycling and inorganic growth potential not priced in. ART is expected to stick to its strategy of asset recycling to drive earnings and NAV upside. A healthy gearing level of 38% and S$1.8bn debt headroom supports ART’s growth appetite. Divestments are a top priority to rejuvenate its portfolio, and fund AEI works within the portfolio and to meet medium term acquisitions targets within the longer-stay segment at c.25% to 30% ot AUM exposure.
https://www.dbs.com.sg/treasures/aics/templatedata/article/equity/data/en/DBSV/012014/CLAS_SP.xml

CapitaLand Ascott Trust (CLAS) is the largest lodging trust in Asia Pacific with an asset value of S$8.1 billion as at 30 June 2023. Revenue is forecast to grow 8.58% per year. Earnings have grown 3.4% per year over the past 5 years
https://simplywall.st/stocks/sg/real-estate/sgx-hmn/capitaland-ascott-trust-shares

CapitaLand Ascott Trust 'top pick' of some analysts following 1HFY2023 results, DPS up 19% y-o-y. CLAS’s scale and diversification allows it to pursue asset and portfolio optimisation strategies, such as divestments, forward purchase acquisitions and redevelopment opportunities. CLAS still has $300 million in divestment gains which have yet to be deployed.
https://www.edgeprop.sg/property-ne...lysts-following-1hfy2023-results-dps-19-y-o-y

Based on 3 Wall Street analysts offering 12 month price targets for Ascott Residence in the last 3 months. The average price target is S$1.22 with a high forecast of S$1.25 and a low forecast of S$1.20. The average price target represents a 26.06% change from the last price of S$0.97
https://www.tipranks.com/stocks/sg:hmn/forecast

Reiterate Add rating and DDM-based TP of S$1.32
We leave our FY23F-25F estimates and DDM-based TP of S$1.32 unchanged. CLAS is our top pick in the sector as its diversified and balanced portfolio provides both stability and upside exposure to the hospitality sector as well as portfolio reconstitution opportunities. Potential re-rating catalysts include accretive acquisitions/divestments and stronger-than- forecast RevPAU.
https://rfs.cgs-cimb.com/api/download?file=644199fd-4ecc-40ef-a05d-5258b318e4f1

CLAS is one of the most geographically diversified REITs under the CapitaLand umbrella. It has 103 properties in 44 cities around 15 countries. While the hospitality sector does have its cyclicity – holiday periods and quarters can generate the bulk of the revenue, CLAS’s RePAU seems to be on a steep upward trend.
https://www.drwealth.com/dbs-research-reits-rebound-has-legs-here-are-8-undervalued-reits-to-buy/n

Top 10 Singapore REITs that made you money if you invested from their IPOs
Since 2006, every $1,000 investment in Ascott REIT would’ve turned into $1,530. Including the dividends, every $1,000 would cumulatively become $3,190.
https://fifthperson.com/top-10-singapore-reits-2023/ nj

The rebound in S-REITs is primarily attributed to market optimism about the Federal Reserve’s likely halt in rate hikes. This optimism, coupled with the 10-year Singapore bond yield retracting to 2.95%, has created a favourable environment for S-REIT investments.
The sector currently offers an appealing average dividend yield of 8.2%,
CapitaLand Ascendas REIT and CapitaLand Ascott Trust are among our top picks for S-REITs. CapitaLand Ascendas REIT’s diversified portfolio and strong balance sheet, along with a high natural hedge, make it a promising choice. Meanwhile, CapitaLand Ascott Trust offers stability and exposure to the recovering hospitality sector.
https://www.prosperus.asia/reits/opportunity-to-invest-in-s-reits-as-us-fed-pause-rate-hikes/

The stock price of CLAS (HMN) rebounded before the 3Q23 results. CLAS has a P/E (TTM) of 12.9x and a dividend yield close to 6.2%, which is undervalued compared to the industry level. Fundamentally, Acquisitions and AEIs are expected to offer the next wave of uplift beyond travel recovery; Divestments also improve CLAS’ portfolio quality and yield, offering greater financial flexibility.
https://www.hnworth.com/article/invest/brokers-picks/capitaland-ascott-trust/

The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
The company appears to be poorly valued given its net asset value.
The company is one of the best yield companies with high yield expectations.
https://www.marketscreener.com/quote/stock/CAPITALAND-ASCOTT-TRUST-103502141/news-broker-research/

 

[Shion]

CapitaLand Ascott Trust posts 14.1% rise in second-half DPS to 3.8 cents​

https://www.straitstimes.com/busine...posts-141-rise-in-second-half-dps-to-38-cents

SINGAPORE - CapitaLand Ascott Trust (Clas) on Jan 29 posted a 14.1 per cent rise in distribution per stapled security (DPS) to 3.8 cents for the second half ended Dec 31, 2023, from 3.33 cents in the year-ago period.

The managers attributed the growth mainly to stronger performance and contributions from new properties.

DPS remained unchanged on a year-on-year basis at three cents, after excluding one-off items related to realised exchange gains arising from the repayment of foreign currency bank loans and the settlement of cross-currency interest rate swaps.

Revenue for the half-year period stood at $397.6 million, up 12.4 per cent from the $353.8 million recorded in the same period the year before.

The managers attributed the increase to higher revenue from its existing portfolio and $18.2 million in additional contributions from acquisitions.

This was partially offset by a drop in revenue from the divestment of four French properties in September 2023.

The stapled group acquired nine properties in Australia, France, Japan, Vietnam and the United States, two turnkey rental housing properties in Japan, two turnkey rental housing properties in Japan and three properties in Indonesia, Ireland and the United Kingdom.

It recorded a 10 per cent increase in revenue per available unit of $157 for the second half of 2023.

Clas’ total distribution was up 24.4 per cent to $140.8 million from $113.2 million in the same period the previous year. The distribution will be paid out on Feb 29, after the record date on Feb 6.

For the full year ended Dec 31, 2023, DPS rose 15.9 per cent on the year to 6.57 cents from 5.67 cents.

After adjusting for one-off items, DPS stood at 5.44 cents, up 14 per cent from 4.79 cents recorded in the same period the year before.

Revenue for the full-year period was up 19.8 per cent to $744.6 million, while total distribution climbed 24.9 per cent to $237 million.

Clas’ stapled securities closed two cents higher at 95 cents on Jan 29. THE BUSINESS TIMES