OUE Commercial Trust (OUE CT)

Right timing: STI approaches resistance; indicators overbought

SINGAPORE (July 6): At current levels of 3,366, the Straits Times Index is approaching its Apr 29 high of 3,407, which was also the high for the year. Important highs and lows usually represent a form of resistance or support. In this case, 3,407 is likely to represent resistance. Interestingly, volume has eased mildly as the index rose, a sign that resistance is approaching.

OUE merger comes with plenty of benefits, but not without potential impediments: DBS

SINGAPORE (April 10): DBS Vickers Securities is highlighting myriad benefits to the proposed merger of OUE Hospitality Trust (OUE HT) and OUE Commercial Trust (OUE CT), but also cautions of “potential impediments” post the merger.

The research house has “buy” calls on both trusts with the respective target prices of 85 cents and 60 cents.

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