2018 a better year for Comfortdelgro?

Government hint on rising fare New rail asset light model to further increase bus segment's revenue Downtown to generate profit M&A in 2017 to contribute to full year profit More M&A opportunities Scrap LGR deal Grab may concentrate on SEA business rather than fight CDG Taxi vs PHV competition should normalize with Uber's exit I did a conservative DCF with a -1.7% revenue for the...

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Duty Free International and its recent troubles

Duty Free International (DFI) operates duty-free retail outlets throughout Malaysia near border town, terminals, airports, seaport and tourist attraction. Other business includes a country club and oil palm plantation. In 2016, Heinemann Asia Pacific(HAP) bought a 15% (with options to add up to 25%) stake in DFI’s DFZ Capital Berhad (DFZ). DFZ the duty-free segment which is 97.8% of DFI’s revenue,...

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Taking a look at StarhillGbl Reit

Positive - almost 91% Singapore office occupancy rate with committed lease in 3Q (01/2018 to 03/2018) above market rate but below expiring rents. - China property handed over to Markor International Home Furnishings Co. with  periodic step-up rent structure. Renovation to finished in 3Q. I assume no rent is collect yet as in FY 16/17, the property incur a loss. - Assuming the  China...

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Ascendas Hospitality Trust

Ascendas Hospitality Trust caught my eyes for a long time as I like to own hotels in Japan to tap on Japan’s growing tourism. Especially so when they recently sold their 2 hotels in china. Ascendas Hospitality Trust (AHT) is a hospitality Reit comprises of 11 9+1 hotels in Asia Pacific in Singapore, Australia, China and Japan. On November 2017, AHT announced an expansion of markets beyond Asia...

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