In a Wednesday report, analyst Mervyn Song says the proposed combination of both trusts is a bold step but potentially a necessary one, especially in an era where “big is beautiful” among the Singapore listed REITs.
SINGAPORE (April 10): DBS Vickers Securities is highlighting myriad benefits to the proposed merger of OUE Hospitality Trust (OUE HT) and OUE Commercial Trust (OUE CT), but also cautions of “potential impediments” post the merger.
The research house has “buy” calls on both trusts with the respective target prices of 85 cents and 60 cents.
