OUE hikes stake in OUE C-REIT with $166m cash injection

24 Feb 2016 - Singapore Business Review
Its stake will rise to 65%. OUE has inked a sale and purchase agreement in a bid to raise its stake in OUE C-REIT to 65% for $165.97m. According to the company’s announcement, the completion of the SPA will land OUE with 64.98% of the issued units in OUE C-REIT. The announcement also noted that the $165.97m ...
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OUE’s net profit crashes 85% to $156.4m in FY15

22 Feb 2016 - Singapore Business Review
On back of its hospitality arm’s deconsolidation. OUE posted an 85% YoY nosedive in attributable earnings to $156.4m in FY15, following the deconsolidation of the company’s hospitality arm. According to the company, the absence of non-recurring gain following the deconsolidation of OUE H-Trust weighed ...
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OUE’s prefabricated Crowne Plaza Changi Airport hotel now halfway finished

12 Feb 2016 - Singapore Business Review
It’s the first private PPVC project in the country. The construction of OUE’s 10-storey extension to the Crowne Plaza Changi Airport (CPCA) hotel is now halfway finished, the company said in a release. The CPCA hotel extension is being built using the Prefabricated Pre-finished Volumetric Construction ...
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Next Week’s News Today: It’s Beginning To Look A Lot Like Christmas

22 Nov 2015 - The Motley Fool Singapore
Tweet Next Thursday is the fourth Thursday in November, which can mean only one thing – Thanksgiving Day in the US of A. The US markets will be closed on Thursday. It also means that the Friday after Thanksgiving Day is Black Friday, which signals the start of the Christmas shopping season in the US. ...
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Indifferent Indonesian tourists pummel floundering OUE Hospitality Trust

20 Nov 2015 - Singapore Business Review
Indonesian tourist arrivals have dipped 9.2%. Travellers from the region are the bread and butter of the hospitality firm, and Indonesians form a large chunk of their visitors. It’s therefore a red flag when Indonesian arrivals dip by 11% overall to 2m from Jan-Sep this year, with only one month of positive ...
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Chart of the Day: Check out Singapore’s most geared REITs

13 Oct 2015 - Singapore Business Review
Find out which firms led the charge. Everything seemed to click for most of Singapore’s REITs this week, as the overall sector was up 4.1% WoW. According to RHB Research, Keppel REIT led the charge for the most geared S-REIT with 42.6% gearing, followed by OUE Hospitality Trust (42.1%) and Mapletree ...
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These three REITs will be most vulnerable as office rents dip

7 Oct 2015 - Singapore Business Review
Can they survive the downturn? Gone are the days when office landlords had the upper hand when it comes to negotiating rents. Singapore’s Central Business District (CBD) will welcome a slew of new office completions in coming quarters, and rents are expected to fall as this massive supply enters the ...
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OUE hit with $16.3m net loss in 2Q

17 Aug 2015 - Singapore Business Review
Due to a $20.5m fair value loss. OUE suffered a tough quarter as it withstood a one-two punch from its mercurial mutual funds and a weakening tourism market. Analysts from Maybank Kim Eng said lackluster tourism drove OUE's hospitality earnings to fall by 5.4%. Higher revenue from investment offered ...
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SG Dealbook: OUE REIT issues new units, CFM buys 10% of Mexican firm

2 Jul 2015 - DealStreetAsia
Singapore-listed firms are raising financial capital and expanding abroad. OUE Commercial REIT is issuing new units in a rights issue to fund the purchase of One Raffles Place. CFM Holdings is expanding into the Mexican market with the acquisition of a stake in Mexican firm Midsouth Camca. OUE Commercial ...
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OUE Commercial Trust unveils ambitious plans for underperforming One Raffles Place

1 Jul 2015 - Singapore Business Review
It will hike rents and improve occupancy. OUE Commercial Trust is bent on changing things after acquiring an indirect interest in One Raffles Place. According to CIMB, OUECT's management is set on improving earnings from the property which currently has a net property income (NPI) yield of under 3.5%. ...
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