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The Board always rushed through the AGM. Always not allowing questions to be asked. Mr Riady' s intention are super clear.mLook at his donation to Singapore!
Looks like he is untouchable this far and for now. So my fellow small lot shareholders we have to take the insult and injury!
Mr Riady should privatise OUE if he stops makong donations!
Looks like he is untouchable this far and for now. So my fellow small lot shareholders we have to take the insult and injury!
Mr Riady should privatise OUE if he stops makong donations!
TA_Expert ( Date: 16-Jul-2023 00:42) Posted:
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Welcome to Singapore.
Minority shareholders are suckers most of the time.
Minority shareholders are suckers most of the time.
finjungle ( Date: 12-Apr-2023 10:48) Posted:
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Going back to $1.21 seems achievable if wait a bit longer.
current price only $1.08.
Worthwhile to jeep now? await long term growth to $2/$2.5/$3.50 :X
Stuckist high ard $3
Stuckist high ard $3
Red_Bean ( Date: 12-Apr-2023 10:27) Posted:
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Sama sama like Hong Fok.
At AGMs, the angmo chairman always rushed through the proceedings. Attendees have hardly a chance to seek information to their questions.
Always donate and donate but declare very small dividend.
their ulterior motive is crystal clear
At AGMs, the angmo chairman always rushed through the proceedings. Attendees have hardly a chance to seek information to their questions.
Always donate and donate but declare very small dividend.
their ulterior motive is crystal clear
Red_Bean ( Date: 12-Apr-2023 10:32) Posted:
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finjungle ( Date: 04-Mar-2022 21:05) Posted:
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73% owned by Lippo group.
As at 31 December 2022,
total assets of S$9.5 billion and net asset value per share of S$4.35.
Current share price : S$1.21
As at 31 December 2022,
total assets of S$9.5 billion and net asset value per share of S$4.35.
Current share price : S$1.21
OUE doubles 2HFY2022 earnings to $ 101.2 million
OUE has reported earnings of $101.2 million for 2HFY2022, up 98.8% y-o-y. This brings earnings for the full year ended Dec 31 2022 to $189.9 million, versus FY2021' s $80.9 million.
Revenue for the year increased by 63.3% over the preceding FY2021 to $491.1 million, with improvement all-round from its real estate, hospitality, healthcare and consumer business segments.
In addition, net write-back of impairment losses, higher valuation gains on its key assets such as Hilton Singapore Orchard and Crowne Plaza Changi Airport helped too.
The company plans to pay a final dividend of 1.5 cents, bringing full year payout to 2.5 cents.
After sustaining above $1.30 for a long while largely due to share buyback, it finally gave way. Time for bargain hunt?
Anyone has thoughts about this? Seems to be doing quite consistent buybacks daily.
OUE&rsquo s earnings nearly treble to S$88.7m in H1
PROPERTY developer OUE Limited posted earnings of S$88.7 million for the first half ended June, nearly trebling from earnings of S$30.1 million a year ago.
The increase was partially due to higher marked-to-market, fair-value gains on investments designated at fair value through profit or loss.
&ldquo Other gains&rdquo , which included these fair-value gains, jumped to S$40.1 million in H1, from S$8.1 million in the year-ago period.
The higher earnings also come on the back of a 30.7 per cent increase in revenue to S$198.7 million in the first half, from S$152 million a year ago.
Revenue from OUE&rsquo s healthcare segment led the increase, nearly trebling to S$44.5 million &ndash from S$14.7 million a year ago &ndash mainly due to contribution from First Real Estate Investment Trust (First Reit), which was accounted for as a subsidiary from Mar 1.
Revenue from its consumer segment more than doubled to S$13.7 million, from $6.1 million a year ago, due to contributions from new dining concepts launched in 2021.
On the real estate front, revenue grew to S$140.4 million in H1, from S$131.2 million a year ago. This was led by the contribution from its hospitality division, which nearly doubled to S$50.3 million, largely due to the opening of Hilton Singapore Orchard in February, following major renovation works in 2021.
Hospitality revenue also received a boost from higher contribution from Crowne Plaza Changi Airport, fuelled by an increase in corporate and leisure travellers with the reopening of Singapore&rsquo s borders in April.
However, revenue from the investment properties division under the real estate segment fell 14.6 per cent to S$89.9 million, largely due to the absence of contribution from the OUE Bayfront property.
This follows the divestment of a 50 per cent interest in the property &ndash comprising OUE Bayfront, OUE Tower and OUE Link &ndash by subsidiary OUE Commercial Reit in March 2021.
OUE has declared an interim dividend of S$0.01 per share &ndash unchanged from a year ago &ndash payable on Sep 29.
OUE and OUE Lippo Healthcare form joint venture with medical specialist groups in Singapore
3 medical specialist groups and Echo Healthcare Management, a joint venture by OUE : LJ3 -0.76% and OUE Lippo Healthcare : 5WA +5.56% (OUELH), have formed a partnership called Echo Healthcare Services.
The new joint venture will have Echo Healthcare Management holding a 60 per cent stake while the founders of the medical specialists groups will hold the remaining 40 per cent stake collectively.
Echo Healthcare Services will hold a 60 per cent stake in each of the medical specialists group as well.
The partners, Respiratory Medical Associates (RMA) and The Respiratory Practice (TRP) are respiratory specialists providing treatment for lung, sleep and allergy disorders, while Thoracic & Cardiovascular Surgery Specialists (TCSS) are thoracic specialists providing cardiac and thoracic surgery.
RMA has three clinics in Gleneagles Medical Centre, Mount Elizabeth Novena Specialist Centre and Mount Elizabeth Medical Centre and employs five consultants. TRP has six clinics in Gleneagles Medical Centre, Parkway East Medical Centre, Farrer Park Medical Centre, Mount Alvernia Medical Centre D, Mount Elizabeth Medical Centre and Vision Exchange, and employs five consultants.
TCSS operates a clinic in Gleneagles Medical Centre and employs a cardiothoracic surgeon.
The total aggregate purchase price for all three specialist medical groups is S$31 million, paying S$6.5 million for RMA&rsquo s shares, S$8.3 million for TRP&rsquo s shares and S$16.2 million for TCSS&rsquo shares. The purchase price will be paid with a mix of shares and cash, with 40 per cent of the aggregate purchase price paid with new shares in the joint venture.
RMA will receive 841 new ordinary shares in Echo Healthcare Services and S$3.9 million in cash, TRP will receive 1,072 new ordinary shares in Echo Healthcare Services and S$5 million in cash and TCSS will receive 2,087 new ordinary shares in Echo Healthcare services and S$9.7 million in cash. RMA will hold an 8.4 per cent, TRP a 10.7 per cent Stake and TCSS a 20.9 per cent stake in the new joint venture post transaction.
There is also an earn-out clause in which the founders of the medical groups will receive a one-off aggregate earn-out of S$9.3 million in cash should Echo Heatlhcare Services reach its growth target within 8 years from the close of the transaction. The transaction is expected to close by the end of Q3 2022.
&ldquo The partnership is an important milestone in our journey to build a regional healthcare ecosystem, comprising the full spectrum of tiered healthcare services anchored on Singapore&rsquo s medical best practices,&rdquo said Dr Stephen Riady, executive chairman and group chief executive officer, OUE.
The board of directors believe that the specialists can be tapped to elevate the overall healthcare standards and quality in OUE&rsquo s regional healthcare network. The rationale for the transaction is to integrate the medical partners into the healthcare network while retaining their clinical independence in their own practices, aligning objectives for sustainable growth.
The medical partners are also earnings accretive with a stable and growing stream of recurring income and cash flow based on the results of their past 3 financial years.
The transaction will not have a material effect on OUE&rsquo s net tangible asset or earnings per share for FY2022. OUELH will see net tangible asset per share drop from S$0.0723 to S$0.0698 while earnings per share rises from S$0.0251 to S$0.253 based on FY2021.
&ldquo We believe that the integration of the Medical Partners into the OUELH healthcare network will bring us one step closer to realising our vision in becoming a leading healthcare group in the region.&rdquo said Riady.
Another mismanaged company just like raffles education.
finjungle ( Date: 04-Mar-2022 21:05) Posted:
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The substantial shareholders,directors and management is using the group for their own selfisg purposes. The small investors only provide the free float to main the listed status for borrowings.
shyeo1223 ( Date: 04-Mar-2022 16:50) Posted:
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Super useless stock
OUE to acquire 17.2% stake in Indonesian tech investment company for 1t rupiah
PROPERTY developer OUE' s OUE: LJ3 +0.76% wholly-owned subsidiary has entered into a sale and purchase agreement to acquire a 17.2 per cent stake in Multipolar (MPC), an Indonesian technology investment company, for 1 trillion rupiah (S$95.6 million).
This means that OUE would acquire about 2.5 billion shares of MPC at a purchase price of 400 rupiah per share, it said in a bourse filing on Monday (Dec 20).
Shares of MPC closed 12 rupiah or 3.2 per cent lower at 360 rupiah on the Indonesian Stock Exchange on Friday (Dec 17).
The purchase price represents a premium of 11.1 per cent to the closing price of the stock as at Dec 17, and is at a marginal premium of 1.4 per cent to the volume weighted average price of 394.6 rupiah of the share for the 3 month period up to and including Dec 17.
Completion of the transaction is not subject to any corporate, regulatory or third party approval or any other condition, and is expected to occur within 1 business day from the date of the sale and purchase agreement, said OUE.
OUE said it expects to fund the aggregate consideration for the transaction from its available cash resources.
It added that the transaction is not expected to have any material effect on its consolidated net tangible assets per share and its consolidated earnings per share as of the last financial year ended Dec 31, 2020, assuming the transaction was completed on Jan 1.
MPC is a technology investment company with a portfolio covering retail and e-commerce, consumer services, financial services, technology, multimedia and telecommunications sectors.
Since 2015, MPC has invested in more than 50 companies including OVO, one of Indonesia' s largest digital payments companies Sociolla, an Indonesian beauty and personal care e-commerce platform and Ruangguru, Indonesia' s largest technology-enabled education provider.
It posted a Q3 net profit after tax of 88 billion rupiah, as well as 7.4 trillion rupiah in revenue.
The mainboard-listed company will be acquiring the shares from Inti Anugerah Pratama (IAP), an investment holding company held by Stephen Riady and James Tjahaja Riady.
Stephen Riady is the executive chairman, group chief executive officer and controlling shareholder of OUE. He has an effective interest in 40 per cent of the outstanding shares of IAP.
Meanwhile, James Tjahaja Riady, who is a controlling shareholder of OUE, has an effective interest in 60 per cent of the outstanding shares of IAP.
As of Dec 17, IAP holds approximately 8.1 billion MPC shares, representing a 55.1 per cent stake in the company. Other notable shareholders of MPC include Indonesia' s largest technology company GoTo Group.
OUE said in the bourse filing that the acquisition will further expand its consumer division in the growth market of Indonesia.
The transaction will also give OUE the opportunity to participate in Indonesia' s rapidly growing digital economy through MPC, whose portfolio businesses sit at the intersection of Indonesia' s technology and consumer sectors, it said.
OUE unit proposes to issue S$150 million 3.5% notes due 2026
PROPERTY developer OUE, through its wholly-owned subsidiary OUE Treasury, is proposing to issue S$150 million notes with a fixed interest rate of 3.5 per cent per annum due 2026, to be issued under its S$3 billion multi-currency debt issuance programme.
The Series 003 notes will be issued in registered form at an issue price of 100 per cent of their principal amount, and in denominations of S$250,000, the company said in a bourse filing on Tuesday.
The interest for the Series 003 notes will be payable semi-annually in arrear. The notes are expected to be issued on Sept 21 and will mature on Sept 21, 2026, unless previously redeemed or purchased and cancelled.
CIMB Bank Berhad, Singapore Branch and HSBC, Singapore Branch have been appointed as the joint lead managers and bookrunners for the issue of the Series 003 notes.
OUE said the net proceeds from the issue of the Series 003 notes - after deducting issue expenses - will be used for general working capital purposes, general corporate funding purposes including investments and capital expenditure, as well as to refinance the existing borrowings of the group.
OUE unit proposes to issue S$150 million 3.5% notes due 2026
Property developer OUE, through its wholly-owned subsidiary OUE Treasury, is proposing to issue S$150 million notes with a fixed interest rate of 3.5 per cent per annum due 2026, to be issued under its S$3 billion multi-currency debt issuance programme.The Series 003 notes will be issued in registered form at an issue price of 100 per cent of their principal amount, and in denominations of S$250,000, the company said in a bourse filing on Tuesday.
The interest for the Series 003 notes will be payable semi-annually in arrear. The notes are expected to be issued on Sept 21 and will mature on Sept 21, 2026, unless previously redeemed or purchased and cancelled.
CIMB Bank Berhad, Singapore Branch and HSBC, Singapore Branch have been appointed as the joint lead managers and bookrunners for the issue of the Series 003 notes.
OUE said the net proceeds from the issue of the Series 003 notes - after deducting issue expenses - will be used for general working capital purposes, general corporate funding purposes including investments and capital expenditure, as well as to refinance the existing borrowings of the group.
Shares of OUE closed flat on Tuesday at S$1.42.
I dumped my shares 1 year ago....
newbie19 ( Date: 04-Aug-2021 11:24) Posted:
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