Singapore Stock Market News

OUE Ltd - Flattered by one-offs

StockFanatic
Publish date: Mon, 11 May 2015, 12:46 PM
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■ 1Q15 ahead due to disposal & non-core fair-value gains.

■ Higher development income as OUE Twin Peaks obtained TOP in Feb 2015.

Maintain HOLD. Raise TP to SGD2.35 from SGD2.32, at unchanged 40% discount to revised RNAV of SGD3.94. Continue to see OUE as riskier option in high-end market.Prefer Wing Tai & Ho Bee.
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