Accordia Golf Trust posted their 3Q FY 15/16 earning report in summary below.
- Available Distribution per Unit (DPU) for 3Q FY 15/16 of 2.16 cents, 12% higher than the corresponding quarter a year ago
- Operating profit rose 17% to JPY 4,234 million, attributed by the favorable weather conditions in October to December 2015
- Net Asset Value (NAV) stood at SGD $0.89
Japan Economy Outlook
1. Economy recovered from the earthquake in 2011 and has been stimulated by Abenomics (refers to the economic policies advocated by Shinzō Abe since the December 2012 general election. Abenomics is based upon fiscal stimulus, monetary easing and structural reforms.)
2. Year 2020 Tokyo Olympics is expected to have positive impacts on the Japanese economy.
Sound demand from senior players
1. Golf continues to be a popular and good sport for seniors
2. Baby boomers have been retiring who have the money and ......
