Shares & Derivatives
Accordia Golf Trust 1Q FY 16/17 DPU increased 3.4%
By Singapore Stock Investment to Financial Freedom (SSIFF)  •  August 12, 2016
Accordia Golf Trust posted their 1Q FY 16/17 earning report in summary below
  • Available Distribution of 1.82 cents for 1Q FY 16/17
  • Operating profit of JPY 2,975 million and Total Distributable income available for distribution was JPY 1,526 million
  • Net Asset Value (NAV) rose to SGD $0.96 mainly due to Japanese Yen appreciation
  • Number of visitors to AGT's golf courses in 1Q FY 16/17 was 3.2% lower than the previous 1Q FY 15/16
Japan Economy Outlook 1. The number of golf plays in Japan is expected to continue as golf continues to be a healthy leisure activities for the seniors. 2. Year 2020 Tokyo Olympics is expected to increase popularity of golf in Japan including the younger generations. Inbound tourism in Japan 1. Positive impact on demand for golf in the mid-to-long term. Accordia Golf Trust has a very strong branding and is the largest golf operator ......
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By Singapore Stock Investment to Financial Freedom (SSIFF)
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