OUE HT posted a 10.6% growth in distribution per stapled security (DPS) of 1.36 cents for the 3Q ended September, from 1.23 cents a year ago.
SINGAPORE (Nov 6): RHB Research is keeping OUE Hospitality Trust (OUE HT) at “buy” and raising its target price to 88 cents, from 83 cents previously.
“With the opening of the new airport terminal and corporate demand pick-up, we expect the hotels to clock in a much stronger performance next year,” says analyst Vijay Natarajan in a report on Nov 2.
