OUE Hospitality Trust

Why 'bigger is better' could apply to the proposed OUE merger
SINGAPORE (April 9): Enlarged scale was among the main reasons for the proposed merger of OUE Commercial REIT (OUE C-REIT) and OUE Hospitality Trust (OUE HT), The Edge Singapore understands from attending an April 8 media briefing with the respective REITs managers and their investment bankers. A portfolio valued at $6.8 billion and free float of $1.08 billion would make the enlarged REIT more ...
OCBC keeps 'overweight' on Singapore hospitality sector as REITs rally
SINGAPORE (Feb 7): OCBC Investment Research is maintaining “overweight” on Singapore’s hospitality space as the sector’s REITs – namely CDL Hospitality Trusts (CDL HT), Ascott Residence Trust (ART) and Far East Hospitality Trust (FEHT) – rally into the new year with total returns of +5.7%, +2.5% and +6.5%, respectively. In a Thursday report, analyst Deborah Ong attributes the ...
Go defensiveness after this week's market meltdown, says OCBC
SINGAPORE (Oct 12): The Dow Jones Industrial Average on Wednesday fell more than 800 points while the S&P 500 had its worst day since February as technology stocks were battered. Another reason for the meltdown was the spike in the US 10-year Treasury bond yield from 3.06% on Oct 2 to 3.18% on Oct 3 and subsequently to a 7-year high of 3.23% on Oct 5. On the back of poor market ...
7 stocks to shop as Budget 2018 fuels positive market sentiment
SINGAPORE (Feb 20): RHB Research is upbeat on Singapore’s growth outlook and expects a positive “post-Budget” market reaction with a preference for exposure to the consumer, real estate, REITs and banking sectors. In a Tuesday report, analyst Shekhar Jaiswal notes how Monday’s Singapore Budget 2018 announcement was positive for all business sectors with the exception of the Buyer’s ...
OUE Hospitality Trust's valuations still unattractive despite lower cost of debt: OCBC
SINGAPORE (Jan 5): OCBC Investment Research is maintaining its “hold” call on OUE Hospitality Trust on valuation grounds with a higher fair value estimate of 83 cents from 82 cents previously. This comes on expectations of a 6.2% FY18 yield against Thursday’s closing price of 88 cents per unit, after adjusting the research house’s model parameters on a lower average cost of debt post ...
OUE Hospitality Trust's early refinancing to result in higher DPU, says RHB
SINGAPORE (Jan 3): RHB is maintaining its “buy” call on OUE Hospitality Trust (OUE HT), while raising its target price on the REIT to 91 cents from 88 cents previously to factor in a cost of equity (COE) of -7.2% and 2% terminal growth for FY18F and FY19F, respectively. This implies that the stock offers a respective FY18F-19F yield of 6.2% and 6.6% as distribution per unit (DPU) ...
Good news for OUE Hospitality Trust as Changi Airport traffic continues to climb
SINGAPORE (Nov 21): Passenger movements at Changi Airport continue to climb, registering 7.5% y-o-y growth in Sept and a 5.9% y-o-y growth for 9M17. The increase bodes well for OUE Hospitality Trust’s Crowne Plaza Changi Airport (CPCA), which is currently only receiving minimum rent. Although OCBC analyst Deborah Ong believes that OUEHT’s current unit prices are not attractive enough to ...
Multiple catalysts in the works for OUE Hospitality Trust
SINGAPORE (May 5): OCBC Investment Research and DBS Vickers Securities are both reiterating their “buy” calls on OUE Hospitality Trust (OUE HT) with a fair value and price target estimate of 75 cents and 76 cents respectively. This comes after the trust’s manager on Thursday reported a 18.2% growth in 1Q distribution per unit (DPU) to 1.3 cents. (See also: OUE Hospitality Trust posts ...
OUE Hospitality Trust posts 18.2% increase in 1Q DPS of 1.3 cents
SINGAPORE (May 4): The manager of OUE Hospitality Trust (OUE HT) has announced a distribution per stapled security (DPS) of 1.3 cents, representing a 18.2% increase from the 1.1 cent DPS declared a year ago. OUE HT is a stapled group comprising OUE Hospitality REIT and OUE Hospitality Business Trust. Gross revenue for the quarter grew 6.4% to $32.1 million from $30.1 million in the previous ...
Wait for dips to buy into hospitality sector, advises OCBC
SINGAPORE (March 28): OCBC Investment Research is maintaining its “neutral” call on Singapore’s hospitality sector with OUE Hospitality Trust (OUE HT) as its top and only “buy” pick in the Singapore REITs space at a fair value of 75 cents. CDL Hospitality Trusts (CD REIT), Far East Hospitality Trust (FEHT) and Ascott REIT (ART) have been rated “hold” at fair value estimates ...