OUE
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OUE LTD worth buying for long term
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I will be worried if there are not many properties left in OUE
For hotel, they still have Crowne Plaza Changi Airport Hotel and Meritus Pelangi Beach Resort & Spa, Langkawi.
For commercial properties, there are still OUE Downtown, One Raffles Place and US Bank Tower. I think One Raffles Place refurbishment is completed.
jiejie ( Date: 28-May-2014 17:27) Posted:
Cannot be another reits. There is not many property left in oue. Either oue has an approach from a private investor or more news about the ir.
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Previously they bought dbs tower n now redeveloping it...should be ready soon...more rental income....it could also be due to HPL effect...sgd4,05 ...oue is more value than hpl so oue share px should chase ....target raised to 2,80
Cannot be another reits. There is not many property left in oue. Either oue has an approach from a private investor or more news about the ir.
very strong momentum today... unlikely privatisation... possibly unlocking further value by listing another property through the REITS.
Hope its a offer to take OUE private.
Good news haven' t come out yet?
Still waiting.
hope so,vested, since ice age.
9hly99 ( Date: 28-May-2014 13:47) Posted:
agree...the $$$ is to show their ability to bid for casino...the only way to go for the share is up...
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I have a dream ~~~
agree...the $$$ is to show their ability to bid for casino...the only way to go for the share is up...
Only the casino, but div payout already done. I don' t think they are that generous. Privatised also far from it. I don' t think that is easy too.
9hly99 ( Date: 28-May-2014 13:39) Posted:
there are 3 keys points for OUE.
1. Korean casino
2. dividend payout or capital reduction
3. privatised
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there are 3 keys points for OUE.
1. Korean casino
2. dividend payout or capital reduction
3. privatised
finally hit 2.42 by end May 2014 later than a month...better than never.
9hly99 ( Date: 07-Apr-2014 13:07) Posted:
the share price of OUE is ready to move upwards with the following targets within the next 2months
2.30 this should reach by mid April 14
2.38 this should reach by end April 14
2.50 this requires some catalyst from Korea
2.40 - 2.50 this should stay for a while
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Maybe they going to provide some information on the Korea casino joint project....
Riady wake up his idea today.
Decided to play some stocks.
yea.. the holding company is held by the riady family... wats your opinion on the chances of going private?
Just to clarify~~~
The substantial shareholder, Lippo Group has a a deemed interest of 68.02% as at 13/3/14 in the shares of the Company. ( Total Number of shares : 909,885,860 )
To take it private, the cash offer should be made by the Holding Company and not OUE (Though OUE is cash rich).
noslen ( Date: 20-May-2014 15:12) Posted:
the owner currently holding 68% of the stake and to buy the 32% at $2.75, they need about 846 million which is the cash the group has now, quite worth taking it private
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NAV as at 30.3.14 : $ 4.06
Last done : $ 2.35
PB : 0.58
EPS for 1 Q 2014 (Cents): 103.96
WanSiTong ( Date: 14-May-2014 15:33) Posted:
Q1 2014 Results has already taken into consideration the provision for foreseeable loss of S$105.0 million provided on Twin Peaks based on the latest valuation obtained.
If without the provision, Net Profit would be : $ 1,012.2 M+ 105.0 M= $ 1,117.2 million
OUE&rsquo s Q1 2014 Net Profit Soars to S$1 billion
* Other Gains of S$1.0 billion largely due to unlocking values of Mandarin Orchard Singapore and Mandarin Gallery
* Revenue boosted by contributions from Lippo Plaza property in Shanghai and U.S. Bank Tower
* Healthy cash balance of S$864.6 million
Financial Highlights S$ million
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3 months
ended 31 March
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Change
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Q1 2014
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Q1 2013
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%
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Revenue
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106.9
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105.4
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1.5
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Earnings Before Interest and Tax
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40.2
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38.5
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4.5
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Net Profit
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1,012.2
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2.0
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> 100.0
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Net Attributable Profit
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945.6
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1.8
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> 100.0
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Singapore &ndash 9 May 2014 - SGX Mainboard-listed integrated property developer OUE Limited (" OUE" or the " Group" ) today announced a net profit of S$1.0 billion for the three months ended 31 March 2014 (" Q1 2014" ), reflecting more than 100% increase from S$2.0 million for the same quarter in the previous financial period (" Q1 2013" ).
This increase is largely due to a recognition of net fair value gain on Lippo Plaza property which amounted to S$114.8 million, as well as the gain amounting to S$986.4 million, resulting from unlocking the values of Mandarin Orchard Singapore and Mandarin Gallery, which had been disposed to OUE Hospitality Trust (" OUE H-TRUST" ). OUE H-TRUST was deconsolidated as a result of a reduction in the Group&rsquo s effective interest subsequent to a distribution in specie made to shareholders in Q1 2014. OUE H-TRUST is an associate of the Group as at 31 March 2014. The above gains are offset by an allowance for foreseeable loss of S$105.0 million provided on Twin Peaks based on the latest valuation obtained.
noslen ( Date: 10-May-2014 13:44) Posted:
| My only concern is still the valuation loss on twin peak and the sales too... now waiting to see if the conversion to service apartment will take place and has any positive impact. |
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Any impending gd news? Counter looking quiet.
the owner currently holding 68% of the stake and to buy the 32% at $2.75, they need about 846 million which is the cash the group has now, quite worth taking it private
Seems like a company which can bubble up and then shrink, biggy up and down.
