OUE    Last:1.06    -0.01

OUE LTD worth buying for long term

After this unlocking of asset value, will it give any good dividend? They have a huge cash hoard but choose to use for re-purchase another asset. At this current price, the yield is still not too attractive thougn it can provide a stable income.  Maybe if the price is lower, the yield appear higher, we can buy into it.

 

No surprise in the divestment of Crown Plaza Airport hotel to OUE HT.

 

2.010 now

morningstar13      ( Date: 01-Oct-2014 15:56) Posted: Wa...if 2%, that' s like 50% discount sale! heisuke      ( Date: 01-Oct-2014 12:00) Posted: 2.120 as of now. Possible to hit 2 by fri?

 

Wa...if 2%, that' s like 50% discount sale!

heisuke      ( Date: 01-Oct-2014 12:00) Posted: 2.120 as of now. Possible to hit 2 by fri?

 

2.120 as of now. Possible to hit 2 by fri?

 

Some positive news in ST newspaper.... new hotel in Changi airport.

 

Wait $1.80 to avg down...

Also have CES, mgt  active  managing, give good div and share buy back..hence share price is up.

Difference btw 2 companies

 

Cum to me at $2......

 

  Salt..fish.

saturn80      ( Date: 06-Aug-2014 15:11) Posted: I think that why today drop, everyone tired of waiting.  Put in bank interst higher............. Enlightenment      ( Date: 06-Aug-2014 00:46) Posted: Sold 4lots $2.44,  stuck wif  3lots...yr 2018....5yrs= LT investment..with 3cts  annual div   3 cts annual div not enough to offset falling price... Mgt need to learn frm SIA...share buy bck

 

People power frees man from train gap

Alex Massey The West Australian August 6, 2014, 10:38 am



People power at work. Picture: Renae Bryant/Facebook



Picture: @nicolastaylornz/Twitter

Commuters teamed up to free a man whose leg became caught between a Perth-bound train and a platform this morning.

 

 

I think that why today drop, everyone tired of waiting. 

Put in bank interst higher.............

Enlightenment      ( Date: 06-Aug-2014 00:46) Posted: Sold 4lots $2.44,  stuck wif  3lots...yr 2018....5yrs= LT investment..with 3cts  annual div   3 cts annual div not enough to offset falling price... Mgt need to learn frm SIA...share buy bck

 

Overseas Union Enterprise- 2Q14: Watch out for

special divident from Crowne Plaza divestment.

(OUE SP/BUY/S$2.37/Target: S$2.80)

FY14F PE (x): 50.5

FY15F PE (x): 26.3

Results below expectations. Overseas Union Enterprise (OUE) reported a 2Q14

PATMI of S$4.4m, down 70% yoy, while revenue declined 11% yoy to S$100.2m. The

results are below our expectations mainly due to lacklustre sales at the Twin Peaks

project and lower contribution from Mandarin Gallery and Mandarin Orchard post the

deconsolidation of OUE Hospitality Trust. There were positive contributions from US

Bank Tower and Lippo Plaza acquisitions. The group completed the refurbishment of

One Raffles Place shopping mall and paid down S$385m in debt during the quarter.

The group declared an interim dividend of 1 S cent/share.

Maintain BUY with an unchanged target price of S$2.80, pegged at a 30% discount to

our reduced RNAV of S$4.01/ share (from S$4.02). OUE is trading at a deep 44%

discount to its RNAV.

Source : UOBKH

 

 

Sold 4lots $2.44,  stuck wif  3lots...yr 2018....5yrs= LT investment..with 3cts  annual div

  3 cts annual div not enough to offset falling price...

Mgt need to learn frm SIA...share buy bck

 

 

Read this article and it' s confirmed a deposit of US$10 millin has been placed for the casino project and estimate 8 months approval process and targeting to begin construction work early next year and 1st phase opening in 2018 -

A consortium including Las Vegas-based casino operator Caesars Entertainment Corp has paid into an escrow account an initial US$10 million deposit toward the cost of land for a major gaming resort near South Korea&rsquo s Incheon International Airport, Steven Tight, president international development for Caesars, confirmed to GGRAsia.

It is the first phase of a process that Caesars hopes will enable it and its partners to break ground by early next year on a multi-phase scheme described in a filing by one of the other consortium members in March as costing an initial KRW855 billion (US$845 million).

A condition before moving to the development phase will be that the consortium gets approval from Incheon Development & Tourism Corp &ndash the body charged with urban redevelopment and economic growth in the area &ndash for the design of the resort. Mr Tight said  the authorities there are seeking an &ldquo iconic&rdquo structure or series of structures.

The investors hope to complete the approval phase within eight months, with a possible first phase opening in 2018.

In order to pursue the project, the consortium needed to achieve an investment grade credit rating within South Korea. This has now been granted, the executive confirmed. A factor in the decision might be Caesars&rsquo decision to commit US$100 million in a non-escrow bank account in South Korea for use in the project. That cash commitment was confirmed to GGRAsia by Mr Tight. It is in addition to the US$50 million capitalisation of the joint venture company, taking the aggregate capital injected so far by the partners to US$160 million.

In April, Standard & Poor&rsquo s Ratings Services lowered its rating for Caesars Entertainment to &lsquo CCC-&rsquo from &lsquo CCC+&rsquo , keeping it at &lsquo junk&rsquo grade. In March, Moody&rsquo s Investors Service said at the time that Caesars&rsquo casino operations unit, Caesars Entertainment Operating Company Inc had a &ldquo total debt load of nearly US$21 billion&rdquo .

The other partners in the Incheon casino resort consortium are Indonesia&rsquo s Lippo Group and Singapore-based real estate developer OUE Ltd, which is 55 percent owned by Lippo Group, according to Moody&rsquo s.

Reuters reported in March that the equity allocation between the consortium partners in the joint venture, known as LOCZ Korea Corp, would be 40 percent from Caesars, 40 percent from OUE and 20 percent from Lippo Group. Mr Tight  declined to confirm the contribution arrangements.

But given Lippo&rsquo s interest in OUE, if the Reuters numbers are correct it would imply on a pro rata basis an aggregate 42 percent contribution to the project from the Indonesian firm.

In January, Moody&rsquo s rated a real estate investment trust in Singapore sponsored by OUE at &lsquo Ba1&prime &ndash one notch below investment grade. In April, Standard & Poor&rsquo s rated Lippo Group&rsquo s Indonesian house building unit PT Lippo Karawaci Tbk at &lsquo BB-&rsquo , i.e., roughly equivalent to the OUE REIT&rsquo s rating.

The casino consortium in March won a preliminary licence to operate a gaming resort at Yeongjong Island (pictured) part of Incheon Free Economic Zone.

The scheme was described in March in an OUE Ltd filing to Singapore Exchange Ltd as an KRW855 billion scheme with gross floor area of more than 150,000 square metres (1.61 million square feet) on a 4.3-hectare (10.6-acre) site.

The partners have not yet disclosed final numbers of tables and slot machines for the resort. But given its proximity to the airport, it is expected that Chinese and Japanese tourists will be the target market. Only one of South Korea&rsquo s 17 casinos is open to players holding only a South Korean passport.

Gross gaming revenue in South Korea totalled US$2.7 billion in 2013 according to the research arm of Malaysia&rsquo s CIMB Bank.

 

 

Sorry.... my mistake.. overlook.......

 

What is this special dividend? When will it be paid out ?

saturn80      ( Date: 04-Aug-2014 09:00) Posted: Got special dividend too.................

 

Got special dividend too.................

 

1 cent interim dividend

saturn80      ( Date: 01-Aug-2014 16:50) Posted: So many people selling before result out......

 

So many people selling before result out......

 

 

Hopefully the half year result announcing this Friday will be the catalyst to push it up to  break the resistant 2.45....