laugh out loud. 1 month period from 1.2 to 1.0 [-17%].

1 year dividend rate how much ? need 3 years to cover back this drop.

simple logic: dividend drop, price sure drop.

Target price : to maintain 6% min rate same as KWSP, the ideal price to enter would be 0.95 and below.

It’s indeed a good buy at 1.13 after knee jerk reaction from the QR. 7% DY is still much better than banks’ pathetic FD rates. In the absence of deferred dividends from FY25 onwards, the vital Aussie hotels biz are in fact on track route to recovery from the pandemic. It is growing healthy and steadily since last FY.