We are pleased to share that DBS Bank, 凯基证券 KGI SECURITIES, ...
We are pleased to share that DBS Bank, 凯基证券 KGI SECURITIES, Maybank, and Phillip Capital have expressed their confidence in OUE REIT by maintaining a 'BUY' call following our 1H 2024 results announcement. Meanwhile, CGS International Securities Singapore also maintained their 'Hold' call with an unchanged target price.
Post-results, Beansprout initiated coverage on OUE REIT, citing the underrated growth potential, with DPU expected to rebound in FY 2025.
Key analysts takeaways:
Mr Han Khim Siew, Chief Executive Officer of the Manager, said, "The benefits of a diversified Singapore-centric portfolio were evident in 1H 2024. Our commercial assets in Singapore continued to deliver stable income growth and high occupancy. Simultaneously, our two hotels have benefitted from the recovery of Singapore business and leisure tourism, providing attractive returns. Our proactive and disciplined approach to strengthening our investment grade balance sheet has also placed us in a favourable position to mitigating the impact of the persistent elevated interest rate environment. Looking ahead, prevailing concerns over the economic outlook, inflation and geopolitical risks inevitably pose challenges to our operations. Our team will remain focused on optimising our asset performance and minimising our cost of capital, while prudently and patiently exploring new growth avenues,"
Find out more: OUE REIT - Underrated Growth Potential
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The official account of OUE Com Reit
OUE REIT is a SGX-listed REIT with over 92% of its assets (hotels, retail and offices) located in Singapore.
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