OUE

Environmental, Social and Governance

OUE C-REIT to refinance existing debt with new $978 million sustainability-linked loan

With this new facility in place, OUE C-REIT would have no further refinancing requirements until September 2023
OUE's 1H earnings up almost threefold, trades at P/NAV of 0.30x  - THE EDGE SINGAPORE

Results

OUE's 1H earnings up almost threefold, trades at P/NAV of 0.30x

OUE almost triples net profit boosted by Hilton Singapore Orchard and Crowne Plaza Changi Airport, price trades at 0.30x P/NAV

Broker's Calls

CGS-CIMB maintains 'hold' on OUE C-REIT, cuts TP after 1HFY2022 DPU miss

OUE C-REIT’s DPU of 1.08 cents, down 12.2% y-o-y, missed expectations at 39.9% of CGS-CIMB’s forecast.
OUE C-REIT to distribute 1.08 cents per unit for 1HFY2022 - THE EDGE SINGAPORE

Results

OUE C-REIT to distribute 1.08 cents per unit for 1HFY2022

The distribution will go ex on Aug 1 and be paid to unitholders on Sept 6.
United Hampshire US REIT's director Goss raises stake; OUE steps up share buybacks - THE EDGE SINGAPORE

Insider moves

United Hampshire US REIT's director Goss raises stake; OUE steps up share buybacks

UHREIT has recently divested a property and put the proceeds into higher-yielding assets

Insider moves

OUE buys back shares steadily, EuroSports Global does it sporadically

EuroSports Technologies has been “incubating” a new business venture as well besides electric motorbikes

Deals, joint ventures & alliances

OUE buys 17.2% stake in Indonesian tech investment firm Multipolar for $95.6 mil from Riady-owned company

The stake is being acquired from an investment holding company held by Stephen and James Riady.
First REIT’s price surge readies it for acquisitions in Myanmar, China or Japan - THE EDGE SINGAPORE

Right Timing

First REIT’s price surge readies it for acquisitions in Myanmar, China or Japan

First REIT's price surge could ready it for acquisitions in Myanmar, China or Japan.
New CEO of OUE Commercial REIT's manager appointed  - THE EDGE SINGAPORE

REITs

New CEO of OUE Commercial REIT's manager appointed

A new CEO has been appointed to OUE Commercial REIT's manager

Results

OUE revenue halved but back into the black for 1HFY21

The company plans to pay an interim dividend of one cent per share
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