The Singapore Market This Week

28 Sep 2013 - The Motley Fool Singapore
The Straits Times Index (SGX: ^STI) ended almost flat this week. It was down a mere 27 points, or 0.8% to close at 3,210 points. Some STI constituents such as Sembcorp Industries Limited (SGX: U96) and Wilmar International Limited (SGX: F34) fared well, increasing 2.7% and 2.2% respectively. On the other ...
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OUE mulls over listing commercial REIT on SGX

26 Sep 2013 - Singapore Business Review
OUE Bayfront may be included. According to OSK, OUE, the company is “exploring the establishment” of a commercial Reit to be listed on the main board. Here's more: It is also expected to include its 18-storey flagship OUE Bayfront ship office building at Collyer Quay, along with the building’s ancillary ...
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Ready For More REITs? OUE Certainly Thinks So

26 Sep 2013 - The Motley Fool Singapore
Overseas Union Enterprises Limited (SGX: LJ3) announced yesterday evening that it is exploring the listing of a commercial real estate investment trust (REIT) with an initial property portfolio consisting of OUE Bayfront which as its name suggests, is owned by OUE. The property’s an 18-storey office ...
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3 Companies Giving Dividends This Week

23 Sep 2013 - The Motley Fool Singapore
There are a few companies that are going Ex-Dividend on this week, i.e. you need to own them before a specific date this week in order to receive their dividends. Let’s take a look at three of them. 1. Tuesday, 24th September 2013 Shangri-La Asia Limited (SGX: S07), an investment holding company that ...
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OUE Hospitality Trust snubs stakes acquisition offer from sponsor

19 Sep 2013 - Singapore Business Review
Here's why it declined the offer. According to OCBC Investment Research, OUE Hospitality Trust (OUEHT) has declined an offer from its sponsor, OUE Limited, for the acquisition of a 100% stake in Meritus Mandarin Haikou and an 80% stake Meritus Shantou China for purchase considerations of S$58.7m and ...
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Find out what makes OUE Hospitality Trust the 'pure Orchard Road play'

13 Sep 2013 - Singapore Business Review
That's in the REITs/Business Trust arena. According to OCBC, OUE Hospitality Trust (OUEHT) is a stapled group consisting of OUE Hospitality Real Estate Investment Trust (OUE H-REIT), a REIT under which the initial portfolio is held, and OUE Hospitality Business Trust (OUE H-BT), a dormant business trust. ...
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2 biggest factors that drove OUE's operating expenses higher

6 Aug 2013 - Singapore Business Review
It resulted to 40% core earnings drop. According to CIMB, 2Q13 saw higher operating expenses once again, which led to a 40% yoy decline in core earnings. "We understand this comprised 1) an additional S$2m-3m yoy spent on marketing and headcount expenses relating to Twin Peaks and 2) another additional ...
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Here's what made OUE's 35.8% profits dip worse

5 Aug 2013 - Singapore Business Review
Rocketing expenses took analysts by surprise. According to Phillip Securities Research, higher finance expenses were the only negative surprise in OUE's latest results. It noted that higher marketing costs incurred for the Twin Peaks project coupled with an increase in administrative expenses (higher ...
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OUE's net profit plunged 36% to $14.6m

2 Aug 2013 - Singapore Business Review
Here are 2 factors to blame. According to a release, Overseas Union Enterprise Limited (OUE) reported a lower net profit of $14.6 million for 2Q 2013, down 36%. This was a result of lower contribution from 6 Shenton Way and an increase in administrative expenses due to higher legal and professional fees ...
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One Important Risk You Might Have Overlooked with REITs

1 Aug 2013 - The Motley Fool Singapore
Last week’s initial public offerings of SPH REIT (SGX: SK6U) and OUE Hospitality Trust (SGX: SK7) were very well received. SPH REIT, which currently comprises of two retail malls, was spun off from newspaper publisher Singapore Press Holdings (SGX: T39) and saw 122m units changing hands on its first ...
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