OUE HT kept at 'buy' by analysts on brighter outlook

SINGAPORE (Nov 8): Despite announcing a 5.9% y-o-y drop in 3Q18 DPS to 1.28 cents, analysts still remain upbeat on OUE Hospitality Trust (OUE HT). The drop in DPS was mainly due to lower Retail revenue and an absence of income support for Crowne Plaza Changi Airport (CPCA).

The trust’s distributable income dropped 5.4% in 3Q18 to $23.3 million from $24.7 million last year. And gross revenue saw a 2.2% drop to $33.2 million compared to $34.0 million a year ago.