OUE

OUE, Auric complete acquisition of controlling stake in Indonesia retailer Matahari with 32% stake - THE EDGE SINGAPORE

M&A

OUE, Auric complete acquisition of controlling stake in Indonesia retailer Matahari with 32% stake

OUE and Auric Capital received 21.9% acceptances for their voluntary tender offer.
Investors take umbrage with SPH’s restructure by selling down - THE EDGE SINGAPORE

Right Timing

Investors take umbrage with SPH’s restructure by selling down

SPH's chart has broken down setting a downside objective. The STI's rebound is likely to encounter resistance at 3,222
OUE and Auric Capital to jointly acquire up to 50% stake in Indonesia’s Matahari Department Store - THE EDGE SINGAPORE

Deals, joint ventures & alliances

OUE and Auric Capital to jointly acquire up to 50% stake in Indonesia’s Matahari Department Store

OUE and Auric Capital have established a 40:60 JV company for the proposed acquisitions in Matahari.
Property-related stocks take a breather,  - THE EDGE SINGAPORE

Right Timing

Property-related stocks take a breather

Property-related stocks are taking a breather, consolidating recent gains while the STI is likely to ease
Keppel readies for a break, caution on OUE surge, respite for STI - THE EDGE SINGAPORE

Right Timing

Keppel readies for a break, caution on OUE surge, respite for STI

OUE has surged and looks set to move higher but caution should be exercised. Keppel Corp is challenging a downtrend and resistance
OUE reports FY2020 losses of $343.4 mil, fair value losses of $435.4 mil - THE EDGE SINGAPORE

Results

OUE reports FY2020 losses of $343.4 mil, fair value losses of $435.4 mil

The company plans to pay a final dividend of one cent per share, versus total of five cents paid for FY2019.
For First REIT investors, it is either restructure or default - THE EDGE SINGAPORE

REITs

For First REIT investors, it is either restructure or default

First REIT's unitholders have little choice but to vote a for a restructure despite a dilutive rights issue.

REITs

Enlarged, diversified portfolio increases OUE Commercial REIT's relevance and visibility

The stability of OUE C-REIT’s income has been underpinned by a diversified portfolio and relatively stable operating performance in the office segment, which recorded positive rental reversions in 2019 and for 1H2020.
OUE reports losses of $207.2 million on fair value loss recognition

Results

OUE reports losses of $207.2 million on fair value loss recognition

As at June 30, OUE’s net asset value was $4.25 per share

Property

OUE sells US Bank Tower for US$430 million

OUE will book a drop in EPS of 35 cents from the sale
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