Post Reply
221-240 of 348
At least the price is a great steal now!
Huat huat!!
Huat huat!!
Smallinvestor ( Date: 28-Aug-2023 13:21) Posted:
|
Possible but won't be at net asset value. Likely a premium just above the last trading price. See recent privatise price.
mrwise ( Date: 28-Aug-2023 10:17) Posted:
|
This pricing is too attractive....looks like a potential counter to delist....
Oue commercial reverse now. Buy before too late.
See what Jerome powell say tonight. If interest rate stable or got chances to go down, then reits will be positive. All reits are down.
this one every single day thousands of millions of shares dump dump dump like no ppl business...
Wait end up like Lippo..
Wait end up like Lippo..
If all so good then maybe something bad we don't know. Down half cent to 1 cent a day.
Net property income is not net income - you are confusing the two. You need to subtract management fees and (net) interest costs - both of which are real, reasonable, normal business costs to get to a number which it is reasonable to expect a company to distribute.
You are correct on the WC adjustment - I did not consider it. However it is only S$3m i.e. the DPU payout ratio is 95%, so it' s not that large.
You are correct on the WC adjustment - I did not consider it. However it is only S$3m i.e. the DPU payout ratio is 95%, so it' s not that large.
Smallinvestor ( Date: 24-Aug-2023 22:31) Posted:
|
When you say " Oue comm earn so much but dpu so little" I am not sure that makes sense. OUE Comms is paying out 100% of distributable income as DPU.
Regarding your AEI comment, OUE Comms does pay the AEI, but the master lease is not owned by OUE. OUE is the master lessee. OUE Comms benefits from the AEI because the master lessee pays OUE Comms variable rent as per the lease agreement between OUE Comms and OUE which will capture the revenue from the new rooms and enhanced F& B options etc. The completion is predicted to be quick (by end 23), DPU accretive and generate a 10% ROI. OUE Comms has a land use right for this property for another 60 years so the benefit will accrue for a long time. Sounds like a good investment for OUE Comms.
Regarding your AEI comment, OUE Comms does pay the AEI, but the master lease is not owned by OUE. OUE is the master lessee. OUE Comms benefits from the AEI because the master lessee pays OUE Comms variable rent as per the lease agreement between OUE Comms and OUE which will capture the revenue from the new rooms and enhanced F& B options etc. The completion is predicted to be quick (by end 23), DPU accretive and generate a 10% ROI. OUE Comms has a land use right for this property for another 60 years so the benefit will accrue for a long time. Sounds like a good investment for OUE Comms.
Oue comm earn so much but dpu so little. Also the AEI 22million doing 12 rooms with pool. If for me, I rather stay in MBS than changi airport. 22 million think dpu around 0.5cents. BTW I think oue comm pay the AEI, master lease is OUE. No wonder share price kanna pump down.
Funny is drop so much, sgx no query. :)
lawrence83 ( Date: 24-Aug-2023 13:49) Posted:
|
Not bad. Finally got 0.235 today. If dividend same, almost 9 to 10 percent on dpu. Or let's hope Oue kanna privatise because is so cheap now. Huat ah.
superstartup ( Date: 24-Aug-2023 16:47) Posted:
|
I mean Lippo Group
OUE related group all linked to Indonesia Lippo Group
OUE is LIPPO Group property development / real estate arm outside Indonesia
Just sharing
I stand to be corrected
OUE related group all linked to Indonesia Lippo Group
OUE is LIPPO Group property development / real estate arm outside Indonesia
Just sharing
I stand to be corrected
RickyCheng ( Date: 24-Aug-2023 16:44) Posted:
|
Lippo maill reit different from this reit. Lippo portfolio at Indonesia, while the latter is based here and one at Shanghai. Monkey biz there nothing new.
Can, avoid Lippo related
lawrence83 ( Date: 24-Aug-2023 13:49) Posted:
|
Seem to me someone is doing big selling knowing something big coming....after Lippo...got hard time trusting the OUE . Luckily got got 4 lots with them
RickyCheng ( Date: 24-Aug-2023 06:09) Posted:
|
Yes, very strange. Worst then Kung Flu (:-), covid) time in 2020! It was 0.319 then. Or masuk time? Haha.
Good news everywhere somemore ->
https://sginvestors.io/analysts/research/2023/07/oue-commercial-reit-cgs-cimb-research-2023-07-28
https://www.theedgesingapore.com/news/kopi-c-company-brew/oue-commercial-reit-taps-team-diversity-deliver-targets
Good news everywhere somemore ->
https://sginvestors.io/analysts/research/2023/07/oue-commercial-reit-cgs-cimb-research-2023-07-28
https://www.theedgesingapore.com/news/kopi-c-company-brew/oue-commercial-reit-taps-team-diversity-deliver-targets
lawrence83 ( Date: 23-Aug-2023 15:00) Posted:
|
Anyone know why the stock keep dropping from $0.29 to $0.24 ? Very scary 😨
CGS-CIMB maintains ' hold' on OUE C-REIT and TP of 36 cents citing lack of near-term catalysts
Analysts from CGS-CIMB Research have kept their &ldquo hold&rdquo recommendation on OUE Commercial REIT (OUE C-REIT) TS0U 0.00% with an unchanged target price of 36 cents after the REIT&rsquo s 1HFY2023 ended June 30 results.
In their report dated July 28, Lock Mun Yee and Natalie Ong say that the REIT&rsquo s distribution per unit (DPU) of 1.05 cents for the six-month period, down 2.8% y-o-y, was in line with 49.5% of their full-year FY2023 forecast.
For the period, OUE C-REIT reported a 19.8% increase in revenue to $138.8 million while net property income (NPI) increased 23.1% y-o-y to $115.3 milion, led by a strong 35.8% y-o-y improvement in hospitality revenue to $45.8 million. Commercial rental revenue also rose 13.3% y-o-y to $93 million in 1HFY2023.
However, the analysts note that 1HFY2023 distributable income fell 3.3% y-o-y to $57.6 million due to higher finance costs and an absence of income support for OUE Downtown.
The REIT&rsquo s Singapore office portfolio continued to show positive rent renewals during the period even as committed occupancy dipped 0.6% to 96.1% at end-2QFY2023. During the quarter, OUE C-REIT recorded positive rental reversion of 8.1%, bringing average passing office rent to $10.22 per sqft.
&ldquo Although market rents are stabilising due to a slower macro outlook, we anticipate that OUE C-REIT should still enjoy moderate, but positive rental reversion for the remainder of FY2023,&rdquo say the analysts.
Meanwhile, Mandarin Gallery&rsquo s committed occupancy rose 1.6 percentage points q-o-q to 98%, with rental reversion growing by 5.5% in 2QFY2023. Shopper traffic recovered to 98% of pre-Covid levels and tenant sales to 83% in 1HFY2023.
For Shanghai Lippo Plaza, the REIT adopted an occupancy strategy and successfully boosted office committed take-up by 11.4 percentage points q-o-q to 86.6% in 2QFY2023, but saw average passing rent decline by 2.4% q-o-q.
During the half-year period, OUE C-REIT&rsquo s hospitality segment also benefited from higher room rates as revenue per available room (RevPAR) increased 34.3% y-o-y to $232. Hilton Orchard Singapore&rsquo s RevPAR exceeded pre-Covid levels, in part due to its successful rebranding and the management&rsquo s focus on driving room rates as part of its yield management strategy, while Crown Plaza Changi Airport reported a 56% surge in RevPAR to $207, say Lock and Ong.
They add that the REIT remains upbeat on the outlook for the hospitality sector, given the numerous meetings, incentives, conferences and exhibitions (MICE) and other events scheduled to be held in Singapore from 2H2023 to 1H2024.
Meanwhile, OUE C-REIT&rsquo s gearing has remained stable q-o-q, with aggregate leverage staying at 39.1% as at end-1HFY2023. The analysts note that the REIT&rsquo s average cost of debt rose q-o-q to 4.1%, with 68.2% of its interest cost hedged to fixed rates, as its adjusted interest coverage ratio dipped to 2.3x during the period.
&ldquo With the sharp improvement in its hospitality business, OUE C-REIT anticipates that this ratio should improve going forward. While OUECT sees possible inorganic growth opportunities in the medium-term as cap rates expand, management remains selective on potential opportunities given the still-high interest rate environment,&rdquo say Lock and Ong.
As such, the CGS-CIMB analysts have kept FY2023 to FY2025 DPU estimates unchanged and have retained their dividend discount model (DDM) based target price unchanged at 36 cents. Given the lack of near-term catalysts, they believe the REIT&rsquo s share price will likely be supported by an attractive dividend yield of 6.7%.
Their upside risks include accretive acquisitions and divestments and strong office and retail rental growth, while downside risks include lower-than-forecast leisure and corporate travel demand and weak rental growth.
Lucky only have 1 China asset (Lippo plaza).
China economy now so jia lat.
China economy now so jia lat.
Joelton ( Date: 27-Jul-2023 09:18) Posted:
|