Singapore Stock Market News

OUE Commercial REIT - Prime-grade REIT

StockFanatic
Publish date: Thu, 27 Feb 2014, 12:29 PM
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OUECT is a prime-grade commercial REIT with a large pipeline of prime commercial properties for potential injection by its sponsor, which is known for executing well-placed acquisitions. We believe it is well-placed for both organic and acquisition growth.

We initiate coverage with an Add rating and a target price of S$0.90based on DDM (discount rate 7.6%). Catalysts are expected from a Singapore office-market recovery.
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