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Good qr! Profit seems like dropping due to forex, not a major concern. In actual the revenue increased (better rental) and the operating cost is maintained well, gogo ytlreit!
Why you said so? I saw the profit and revenue are dropping compared with 19Q2. So, it should not be a good qr right. next qr should be even worst due to coronavirus causing hotel occupancy low.
if you look at the qr report, the unrealise losses due to currency exchange quite high, probably due to RM strengthening against yen n aud or rather yen and aud depreciated (have not look into it yet).
btw, you mentioned ytlreit income will drop due to the virus. is it because YTLReit profit sharing rental? where did you get the info? I thought is fixed rental income.
Forex plays a big part in the final profit. if no forex is considered, this qr profit was 25mil compared to 21mil last year quarter.
if RM is strengthening further, yes definitely the next few qr will be affected. but I don't see any sign of improving that much yet.
for me, I look at consistency and the ability of them to collect rental. I have them since 1.0x days, ytlreit have good track record comparing to many other reits ;)
YTL is lazy, never really explained much on the severeness n impact of covid-19 to them in Prospect section.
if the virus isn't controlled yet, the hotel rentals n management fees are most likely gonna be affected seriously, as hotel operators will ask for rebates.
WS Tan, since you have 1.0x, just keep and hold it. Not much affect for you.
But we are newbie. So, very concern about the price market give.
Believe it will further down.
I have other reits shares too, some of them are in the negative paper loss region, like amfirst, arreits, uoa. I agree with you guys on the concerns, those are valid concerns.
My focus in reits is always consistency, I believe ytl is stable.
but again, to each his own opinions. :)
yep, I'm at a negative paper loss now. I'm not rushing to average down immediately, still observing how bad this virus could be. the only way ytlreit can go up again is when the world is truly safe and tourists are confident to travel again.
today rebound 10%.
perhaps the good time for people to sell it off and observe.
this few days, I am thinking what is the best strategy to acquire the reit now since it is very cheap now and very worth to buy now. will not expect to earn in short term, but should be minimize the lost. stock disaster, don't expect to earn money, but should take opportunity to acquire cheap share which is the very good share.
any idea from you WS Tan?
I'm definitely planning to get in more reits or at least some high dividend stocks, not betting everything on the reits itself.
my strategy would be waiting for US dji, oil price, and klse to go horizontal ways for few days or even weeks to stablise first. for me, today is a good day to sell or trap more people in it.
it is better to earn less, than buy now and complain and suffer more. unless you have so much cash to average down!
Unlike the malaysia hotel rental, Australia hotel business will be affected due to the outbreak of the conovirus. So be prepared for the next quarter report..
