Singapore Stock Market News
OUE Hospitality Trust - A decent showing
StockFanatic
Publish date: Fri, 13 Nov 2015, 02:15 PM
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Stronger than expected performance
OUE Hospitality Trust (OUEHT) declared 1.72 S cts DPU for 3Q15, ahead of 3Q14 (1.64 S cts) and 2Q15 (1.52 S cts). This was driven by higher revenues of S$32.7m (10.4% higher QoQ) and higher NPI of S$28.8m (11.6% higher QoQ), mainly due to stronger performance at Mandarin Orchard Singapore (MOS). At FY16F 7.8% yield, OUEHT begins to look interesting if the performance can be sustained.
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