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Ascendas Hospitality Trust - My Analysis
Managed to add 3 lots of AHT today @ 69 cents.
Reasons For:
- Exposure to popular destination countries Australia and Japan. Tourist numbers rising in both countries.
- Pro-active management of interest rate and currency risks
- Attractive yield at 7.7%
- Currently trading at 5.5% discount to NAV
Reasons Against:
- Softening tourist numbers in China and Singapore.
- Weaker Japanese Yen translate to lower revenue contribution.
- Leverage at the higher end among hospitality S-REITs
- Lack of transparency on management contracts with hotel partners
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