Highlights
KLSE : YTLREIT       YTL Hospitality REIT
Last Price Today's Change   Day's Range   Trading Volume
0.92   +0.005 (0.55%)  0.915 - 0.925  1,236,800

Overview

Board:Main Market
Sector:REITS
Avg Volume (4 weeks):528,425
4 Weeks Range:0.90 - 0.925
52 Weeks Range:0.885 - 1.14
Average Price Target:-

Business Background

Starhill Real Estate Investment Trust (the Trust) is a real estate investment trust. The Trust's principal investment strategy is to invest in a diversified portfolio of income producing real estate, used primarily for retail, office and hospitality purposes, with particular focus on retail and hotel properties. As of June 30, 2011, it had two prime properties situated in Kuala Lumpur's Golden Triangle, namely, the JW Marriott Hotel Kuala Lumpur and 60 units of serviced apartments, four levels of commercial podium and two levels of car parks located within The Residences at The Ritz-Carlton, Kuala Lumpur (The Residences Properties) (collectively referred to as the Properties). The Trust's manager is Pintar Projek Sdn Bhd. In November 2011, the Trust announced that Mayban Trustee Berhad had subscribed for Starhill REIT Niseko G.K., which in turn became a wholly owned subsidiary of the Trust. In November 2011, it acquired hospitality related assets.

  2 people like this.
 
Alphabeta A recent study done by Deloitte on Australia Hotels

27 February 2014:

Hotel occupancy rates in Australia’s south east have hit record highs on the back of shifting
patterns of demand and a modest, albeit strengthened, near term supply pipeline.

Releasing Deloitte’s latest Tourism and Hotel Market Outlook, Deloitte Access Economics’ Lachlan Smirl said: “As the Australian economy transitions from a growth phase underpinned by resource sector construction to a more diversified one, travel patterns are gradually shifting away from the big mining states. At the same time, improved conditions for leisure travel – both inbound and domestic – are underwriting robust demand growth across several regions.

“These trends have been mirrored across our hotel markets, with Brisbane and Perth receding from their resource boom highs, and Sydney and Melbourne recording their highest occupancy rates in more than two decades.

Sydney and Melbourne, in particular, are recording their highest room occupancy rates in more than two decades, with city hotels nearing capacity several nights a week and demand predicted to increase, says Deloitte Access Economics’ latest Tourism and Hotel Market Outlook report.

Overall, Australian hotel demand is set to more than double available supply over the next three years, a situation that will only push room prices higher.

http://www.deloitte.com/assets/Dcom-Australia/Local%20Assets/Documents/news-research/Press%20releases/Simon%20Rushton/MR%20-%20Tourism%20%20Hotel%20Outlook%20-%20Hotels%20-%20February%202014.pdf
28/03/2014 21:31
Alphabeta YTL management has done their homework before investing in Australia.

In addition, it was reported that the Australian dollar has hit another four-month high as the prospect of a stable interest rate outlook continues to drive the currency higher.

If the Aussie dollar can maintain its strength, there will be a write back on the forex translation loss.
28/03/2014 21:50
kkng0819kk Tq .akphabeta for the articles
31/03/2014 16:47
Alphabeta Latest update on Aussie Dollar strength..

Posted on 1st April 2014, by Moneycorp Dealer Team, Moneycorp

The Australian, Canadian and New Zealand dollars all had a good week, even if they could not match the pace of the South African rand. The Australian dollar strengthened by one and a half US cents and by one cent against sterling.

For once, the Aussie dollar was helped by Reserve Bank of Australia Governor Glenn Stevens, who gave a positive speech about Australia's economic prospects without once mentioning the "overvalued" dollar. It also received some assistance from Chinese Premier Li Keqiang, who offered an upbeat assessment of the Chinese economy. He said he was confident that growth would be in "a reasonable range" despite facing "difficulties and risks".
02/04/2014 16:04
cclim88 How nice if everyday go up .5 sen......
14/04/2014 16:58
dragonking The one with most exposure to AUS is mulpha
14/04/2014 17:16
kkng0819kk Is mulpha 's hotel business in aus making money?i think no!
15/04/2014 12:54
kkng0819kk Why so quiet?incubation time?
22/04/2014 20:30
Alphabeta Mulpha Hotel Investment Group P/L is the wholly owned subsi of Mulpha Australia Ltd which in turn 100% owned by Mulpha International Berhad. Not able to get the financial report of the Mulpha Hotel Investment Group P/L but from the segment report from Mulpha International, from FYE 2011 and 2012, beside the normal depreciation and amortization charges.

There were RM 63.9 mil and 58.9 mil impairment of property and equipment (PPE) charges respectively. Impairment charges were taken mainly due to lower market value of the PPE compared to book value.

If you compute the EBITDA (approximately to cash generated), Mulpha Hospitality segment EBITDA is RM 168.4 mil at the back of RM 431.1 mil of revenue. Whereas YTLREIT's FYE 2013 EBITDA is RM 50.1 mil at the back of RM 179.2 mil of revenue.

Prior to the impairment charges in FYEs 2011 and 2012, Mulpha hospitality segment were profitable and contributed around RM 20 mil each in FYE 2009 and 2010.

I anticipate YTLREIT Australia Hotels financial result should improve over the next few years.
23/04/2014 12:17
LouisChoo I am new to investment. What is the net DY ? Any room for price to move up ? and why ?
23/04/2014 15:38


 

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