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:
OUE REIT's unde...

OUE REIT $OUEREIT (TS0U.SG)$ Delivered Continued Revenue and NPI Growth in 1H 2024
Revenue and net property income increased by 5.7% and 1.6% YoY to S$146.7 million and S$117.1 million, respectively, mainly driven by higher contribution from the hospitality segment, and the stable performance of Singapore commercial properties
Singapore office properties achieved positive rental reversions of 11.7% in the second quarter of 2024, with c...