Aminvest maintains HOLD recommendation on YTL Hospitality REIT (YTLREIT) with a lower fair value of RM1.32 (from RM1.40) based on an unchanged target yield of 6.5%. We cut our FY19–21F distributable income forecasts at by 7.4% 5.8% and 4.3% respectively.
YTLREIT’s 9MFY19 distributable income of RM98.4mil (-2.2% YoY) came in below expectations, making up 66% of both our and consensus full-year forecast. Revenue and distributable income fell by 3.2% and 2.2% respectively mainly due to a weaker performance by Australian properties as a result of a refurbishment exercise at the Brisbane Marriott and a weakening AUD against the MYR.
Apalagikitamahu, one of the reason why i buy this REIT is because they have property in Aussie, that means i may stand to gain if AUD go up against MYR.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
t_nike2002
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Posted by t_nike2002 > 2019-06-03 11:56 | Report Abuse
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