Invest
(Recap) A bad week for some companies
By Investing Thoughts  •  July 24, 2020
It hasn't been a good week for some companies with profit guidance and weak results being announced this week. However, most would not have been surprising, having already talked about what would most likely not do well. Picture as per 5 July post Hospitality Sector CDL Hospitality Real Estate Investment Trust - Guided a total return being marginal loss. - Has not done any revaluation yet as revaluations are done at the end of the year - However given the trend, it is expected that negative revaluations be seen as the price per room is actually used in its Australia's Hotels. With lack of demand this will drive prices down and create a negative revaluation. Furthermore, recent cash flows being affected would have affected the valuation model as well and revalue all its hotels. Global Travel Related Sectors SIA Engineering -Recorded a profit of 10.7 million in 1st Quarter 2020 (April to June) -However this was largely aided by the Jobs Support Scheme which without it would have created a 36.7 million loss....
Read the full article
By Investing Thoughts
Age 25, currently doing part-time. Studied in NTU as a Banking and Finance student. Also known as zzxiaoboizz Enjoys doing equity research and investing. Currently vested in Hong Kong and Singapore listed Equities Would pen some of his thoughts here. Also enjoys watching concerts.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance