SINGAPORE (Nov 13): Stronger than expected third quarter results of OUE Hospitality Trust (SK7.SG) and continuing higher contributions from acquisitions has prompted a buy rating by KGI Fraser.

In a note to clients, KGI Fraser says the earnings by OUE Hospitality shows that efforts made by the company in targeting the leisure travel and group business is showing results as it allows the company the flexibility to attract large businesses.

OUE Hospitality's net property income in the third quarter was up 13.5% on year to $28.8 million.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook