CGSI analysts Lock Mun Yee and Li Jialin even upgraded OUE REIT to "add" from "hold", noting the REIT's "undemanding valuation" with price-to-book value at 0.47 times.
OCBC Investment Research, which slashed its target price on OUE REIT (SGX:TS0U
) by 9% a day after the release of the latter's financial results 1QFY2025 ended March 31, appears to have been more pessimistic than its peers.
Analysts from CGS International Research and Maybank Securities have each raised their respective target prices by 1 cent to 33 cents and 28 cents respectively, citing an improved outlook and proactive debt management.
