In a report last Friday, analyst Eing Kar Mei says she remains confident that Crowne Plaza Changi Airport (CPCA) will earn higher-than-minimum rent in FY19F considering the continued ramp-up of Terminal 4 as well as the opening of Jewel Changi Airport in 1H19.
SINGAPORE (July 30): CGS-CIMB Research is maintaining its “add” recommendation on OUE Hospitality Trust (OUE HT) while lowering its target price to 89 cents from 92 cents, after adjusting cost of equity (COE) assumption up to 8.6% compared to 8.4% previously.
Post the release of OUE HT’s 2Q18 results, the research house maintains its FY18-20F DPU forecasts, and notes that the trust is trading at 6.2% FY18F yield while offering about 14% total return at its unit price of 83 cents.
