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OUE Hospitality Trust IPO Listing
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teeth53
Supreme |
06-May-2014 09:23
Yells: "don't learn through life, learn to grow with life " |
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jiejie
Member |
15-Apr-2014 10:39
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Edging up slowly. Will hit 0.88 before next dividend payout |
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Octavia
Supreme |
04-Apr-2014 15:40
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Free float market cap increased by 21% on 31 March after the 151.7m units dividend-in-specie. StanChart expects liquidity to improve from the current ~$0.68m/day, which could attract more investors. StanChart also thinks OUEHT could look to acquire Crowne Plaza Changi Airport, last valued at $291m, from OUE in the next 6-12 months. Given OUEHT&rdquo s current gearing of 32%, a fully debt-funded acquisition that ould raise leverage to ~41%. Depending on the funding structure, the house estimates a potential acquisition at 4.5% NPI yiled could be up to 4% accretive to distributions. OUEHT had also announced the establishment of a USD 1b MTN program. StanChart flags OUEHT has having the highest 2014e DPU yield, compared to 7.3% for hospitality SREITs. StanChart has an O/PF on OUEHT with TP of $0.95. |
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WanSiTong
Supreme |
07-Mar-2014 10:14
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A more stable hospitality play: CIMB OUEHT SP /OUER.SI| ADD - N/A | S$0.84 - TP:S$0.96 ... Mkt.Cap: US$864.40m | Avg.Daily Vol: US$0.45m | Free Float: 54.50% ________________________________________ ▊ 70% a hotel and 30% a retail mall, OUEHT is situated at the heart of Orchard Road and offers exposure to both Singapore tourism and retail. With c.70% of its FY14 revenue fixed from retail rent and fixed rent from a hotel master lease, OUEHT is, in our view, a more stable hospitality play than its peers. We expect organic growth to stem from potential uplift in room rates through the Sponsor-funded AEI on MOS and embedded retail rental step-up. We initiate on OUEHT with an Add rating and a target price of S$0.96, based on DDM at a discount rate of 7.9%. Potential catalysts include surprises in tourist arrivals and stabilisation of the Rupiah. |
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WanSiTong
Supreme |
26-Feb-2014 12:06
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What surprised us OUEHT reported DPU of 1.67 cents for 4Q13 and 2.90 cents for the 160 days from its listing date (25 July) to end-2013, above expectations (6% above GSe) on stronger than expected RevPAR and F& B revenue. Highlights: (1) Mandarin Orchard (MOS) RevPAR of S$249 in 4Q, -4.6% qoq, against a weak Hotel backdrop. (2) Wholesale segment was 24% of room revenue in 2H (i.e. 25 Jul-31 Dec) vs. 21% in 3Q (i.e. 25 Jul-30 Sep) and 28% in 2012. (3) Mandarin Gallery (MG) gross rents of S$23.69psfpm in 2H vs. S$21.50psfpm in 2012 retail sales +3% yoy in 2013 with occupancy cost ratio of 20%. (4) AEI updates: Addition of 12 new rooms and refurbishment of 32 rooms completed in 4Q 30-50 rooms will be closed at any one time for the refurbishment of a further 398 rooms in 2014/2015. (5) Gearing at 32% 2.2% cost of debt, 100% fixed. Technical Analysis
What to do with the stock OUEHT continues to deliver on yield management initiatives amid a softer hotel market. MOS RevPAR of S$249 in 4Q was above the broader Upscale market segment?s S$231 though the sequential decline of 4.6% qoq was marginally faster than market segment?s 3.5% decline, partially due to its large Indonesian clientele base (35% of room nights), in our view. We see the refurbishment of rooms helping to maintain the hotel?s positioning, with refurbished room rates 15% higher than the non-refurbished rooms so far. Management highlighted that retail rents are now in line with market rents and further rental growth will be modest and inflation-led. Maintain Neutral and 12-month DCF-based TP of S$0.92. Introduce 2016 DPU of 6.7 cents. OUEHT trades at 7.2% FY14 div yield, same as FEHT. Risks |
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WanSiTong
Supreme |
26-Feb-2014 12:03
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What surprised us OUEHT reported DPU of 1.67 cents for 4Q13 and 2.90 cents for the 160 days from its listing date (25 July) to end-2013, above expectations (6% above GSe) on stronger than expected RevPAR and F& B revenue. Read more » |
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williamyeo
Veteran |
05-Nov-2013 20:02
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OUE Hospitality Trust achieves higher Distributable Income and Distribution per Stapled Security than forecast . http://infopub.sgx.com/FileOpen/OUEHT_3Q_2013_Press_Release_FINAL_for_SGX.ashx?App=Announcement& FileID=262772
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WanSiTong
Supreme |
05-Nov-2013 14:22
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OUE: TP : 3.57 CP: 2.42 PE 2013 F : 2.4 yield : 4.5 |
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WanSiTong
Supreme |
05-Nov-2013 09:57
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Our Top Large Market Capitalisation Stock Picks (UOBKH) Target Price / price @ 30.10.13 / Monthly Performance / PE2012 / PE 2013F / Yield
Bumitama BUY 1.23/ 0.99/ 0.5/ 16.6 /19 0 FirstRes BUY 2.4 /1.95 2.1 /10.2 /13.9/ 2.1 Ho Bee Land BUY 2.45/ 2.06 N O L BUY 1.3 /1.06 OUE BUY 3.57/ 2.42
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Rosesyrup
Master |
12-Aug-2013 16:23
Yells: "Get your own opinion, don't follow blindly." |
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Keep all the negative posting to your self if its not news. Not Interested AH Sound familiar?
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Hawkeye
Master |
06-Aug-2013 14:48
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Few days after IPO already sleeping. 
When is OUE HT buying over Crown Plaza Changi Airport and 2 other Chinese Hotel? |
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New123
Supreme |
26-Jul-2013 19:53
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yield of 7% is much better than bank int. given time it will be at least $1.00. |
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orangejuice01
Member |
26-Jul-2013 15:17
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great synergistic arrangement for all, at least at 7% return for the shorterm punters, another 5% div yield in half a yrs time. SPH has capitalised via SPH Reit: * One time assets revalued @ Fair/market Value - still retains majority ownership/control of paragon/CMall * Annual mgt fee on sph reit - with margin markup. So expect SPH asset ratios to go up so as share price in no time! Analysts would be watching on " the use of fund/cash proceeds" .
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Hawkeye
Master |
26-Jul-2013 14:05
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If put to lelong, i think Mandarin Hotel and Gallery, real estate and business is worth much more than 1.5billion. Plaza Changi hotel + 3 other hotel in China once acquired will add another 5% yield at least total yield is 13% of 88cts. or prize go to Sgd1.60 at 7% yield. :))) Hoping mad.
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teeth53
Supreme |
26-Jul-2013 13:19
Yells: "don't learn through life, learn to grow with life " |
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Start low, at least not below water, that what other players thot so when it offeres it ipo > dayend higher, oni 2nd day 
Current trading at $0.895 cents with 17,234 mil shr changed hands, slowly acummulating by players?. |
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teeth53
Supreme |
25-Jul-2013 18:45
Yells: "don't learn through life, learn to grow with life " |
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Got vested w/o paying commission. Oni paid $2/-.
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cheng987
Veteran |
25-Jul-2013 15:35
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OUE lousy counter !!! | ||||||||
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Dividend_Warrior
Senior |
25-Jul-2013 14:27
Yells: "I am getting $1100 per month in dividends :)" |
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Wooooo Hooooo!!!!!! 
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New123
Supreme |
25-Jul-2013 14:25
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more than 7% yield is quite gd! What is the NAV? think can consider to buy at 88 cents..
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greentealeaf
Member |
25-Jul-2013 14:15
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not a big deal. market up and down quite often. | ||||||||
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