Singapore Stock Market News

OUE Commercial REIT - Riding the wave

StockFanatic
Publish date: Thu, 31 Jul 2014, 10:28 AM
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OUE Commercial REIT's (OUE CREIT) 2Q14 results were in line with expectations, with 2Q14 DPU accounting for 27% of our full-year forecast. Given that the REIT has room for further growth and its relatively attractive valuations, we maintain our Add rating, with a higher DDM-based (discount rate: 7.6%) target price of S$0.93 as we roll forward our valuation to FY15 earnings.
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