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It would be beneficial to YTL Reit if more cuts in 2025 for quite a substantial of loans (A$353M) are In Aussie dollars for its Australian hotel properties..
Australia's central bank cut rates for the first time in more than four years on Tuesday February 18, 2025 but warned it was too early to declare victory over inflation and was cautious about the prospects of further easing.
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.
With such pathetic 4th QR, the dividends would lightly to be around 2 sen. Anything above this would be a bonus. Based on the RM137m one-off gain declared 2.6sen special dividend, RM104m FY net profit won’t declare any higher dividend. Hopefully LBS mgmt surprises… lol