Where Next For F&N?

3 Jul 2013 - The Motley Fool Singapore
Fraser and Neave (F&N) (SGX: F99) announced after the market close on 28 June 2013 that a special resolution on a proposed capital reduction plan was unanimously passed at the Extraordinary General Meeting held on the same day. The capital reduction exercise involves returning $3.28 per share to shareholders ...
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Here are 2 possible scenarios in OUE's REIT listing dilemma

26 Jun 2013 - Singapore Business Review
Current market conditions are getting trickier. According to CIMB, current equity market conditions are making S-REIT listings trickier. OUE, which is eyeing REIT listing, may be facing some issues with the current market rout. Given this, CIMB noted two possible outcomes should OUE's REIT listing materialize ...
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Ready For A New REIT On The Block? OUE Certainly Thinks So

10 Jun 2013 - The Motley Fool Singapore
Over the past four weeks, the FTSE Straits Times Real Estate Investment Trust Index (SGX: FSTAS8670), which can represent the REITs as a group, has dropped by nearly 11% from its peak of 890 (achieved on 15 May 2013) to 794. REITs have been under pressure lately as investors begin to worry about adverse ...
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OUE to kick off pre-marketing for $800m REIT IPO

5 Jun 2013 - Singapore Business Review
It's said to start next Monday. In a Reuters report, 2 of their sources divulged that Singapore-listed property firm Overseas Union Enterprise plans to begin pre-marketing for a real estate investment trust next Monday in a deal that could raise up to $800 million. Find out more about it here.
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OUE revamp turns 6 Shenton Way into "crown jewel"

8 May 2013 - Singapore Business Review
"Will yield rich organic-returns," says Maybank. Maybank Kim Eng expressed optimism that the authorities' recent in-principle approval of the revamp of 6 Shenton Way will deliver gains to OUE because of the limited retail space currently available in the Central Business District. OUE plans to convert ...
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OUE insists that its $15m cost hike was just a one-off phenomenon

8 May 2013 - Singapore Business Review
It points to its latest acquisitions. According to CIMB, in the 1Q13 earnings call, management clarified a few key issues: 1) the rise in admin expenses was largely one-off, 2) principal approval to partially convert 6 Shenton Way into a serviced apartment has been obtained, and 3) it plans to go ahead ...
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Singapore’s Cheapest Hotels

8 May 2013 - The Motley Fool Singapore
Tourism is big business in Singapore. In 2011, over 13 million visitors popped into the Garden City and spent about $22 billion during their combined stay of 45 million days here. What’s more, tourism is expected to be a big growth area. There are hopes that the sector, which accounted for 4% of the ...
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2 culprits behind OUE's disappointing S$14.9m net profit

7 May 2013 - Singapore Business Review
Only 15% of analysts' full-year forecast. Investment properties According to CIMB, OUE's core net profit of S$14.9m formed 15% of consensus’s full-year estimates. It noted that OUE’s 1Q13 result was below expectations due to 1) higher admin expenses, and 2) lower-than-expected associate income. Here's ...
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OUE likely to dodge Australia, Europe as expansion spots for now

16 Apr 2013 - Singapore Business Review
It still finds US cities more attractive. According to Maybank Kim Eng, OUE sees limited growth opportunities in Singapore in the next 2-3 years, especially with property prices staying high. Following the attempted acquisition of Fraser and Neave Ltd, a major consumer/property conglomerate, OUE has ...
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Here's a glimpse of OUE's grand plans for its hospitality REIT

15 Apr 2013 - Singapore Business Review
It's likely to get $800m from its assets. According to Maybank Kim Eng, OUE stands to collect ~SGD800m in cash from spinning off its assets into a REIT. This would provide it with fresh dry powder for future acquisitions, with management having set sights on the US and China. With a presence in the ...
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