DBS is reiterating its “buy” call on OUE HT and raising its target price to 85 cents, from 80 cents previously.
SINGAPORE (Nov 2): Analysts believe there is still room for OUE Hospitality Trust (OUE HT) to rally, on the back of an anticipated recovery in the Singapore hospitality market.
“We believe the rally is not over,” says DBS Group Research’s lead analyst Mervin Song in a report on Thursday. “Investor interest in OUE HT should continue to increase as we approach a recovery in the Singapore hospitality market in 2018. This should drive OUE HT’s share price higher.”
