OUE

More companies in danger of default given higher leverage, weaker balance sheets and greater risk of liquidity crunch amid the pandemic

OUE reports higher earnings of $255.2 million for FY2019 but cuts dividend by half

SINGAPORE (Apr 22): OUE announced it had sold its 33% stake in Nuvest Capital for US$1 million ($1.36 million).

SINGAPORE (Mar 17): OUE, the property group controlled by Stephen Riady, has acquired a 49.7% stake in Superfood Retail for $7.53 million.

SINGAPORE (Feb 27): OUE, the real estate owner, developer and operator, rounded off FY18 ended Dec with earnings of $10 million, down 89.4% from a restated $94.6 million from a year ago.

(Jan 25): The US Bank Tower in downtown Los Angeles, known for its cameos in Hollywood movies and a sky-high outdoor glass slide, has been put up for sale.

SINGAPORE (Nov 19): Deutsche Bank is keeping its “buy” recommendation on OUE with an unchanged target price of $3.00, amid plans by the real estate group to cash up for the next phase of growth.

SINGAPORE (Sept 18): OUE Lippo Healthcare (OUELH), the healthcare subsidiary of OUE, announced Tuesday it plans to acquire stakes in SGX-listed First Real Estate Investment Trust (First REIT) as well as its manager, Bowsprit Capital Corporation, for a tot

SINGAPORE (May 15): OCBC Investment Research is keeping its “buy” recommendation on OUE, despite the property developer reporting a 91% plunge in earnings for the 1Q ended March.

SINGAPORE (Feb 23): OUE, the integrated property developer, reported FY17 earnings fell 31.5% to $98.9 million from $144.4 million in FY16, led by lower earnings before interest and tax but partially mitigated by higher fair value gains on investment prop