suja wrote:Then you should be with KHL Not CHOT my friend. Just think go through their annual reports and then decide.
What I can say is that CHOT owns other assets such as rest houses which needs cash to refurbish so they will first make money in KHL and make it a dividend play for cash generation for CHOT. CHOT is already negative on earnings and to convert them will take a long time.
I think you are referring KHC not KHL?
CHOT already refurbished thier rest houses and Queens hotels which comes under KHC needs refurbishment. CHOT has now converted their Tissa rest as a 4 star hotel called "the Safari".
I would be very surprised if they start refurbishing Queens hotel before opening the OZO Kandy in September.
Negative earnings? Of course it happens when companies try to refurbish thier properties. That's not something new to CHOT.
See the financials of SERV, TAJ, SHOT, HSIG, MARA, TANG etc....They all had rough patches when do refurbishments.
CHOT's earning will only get better in coming quarters.