OUE sets succession plan, with Riady to become CEO
OUE set its succession plan, with Executive Chairman Stephen Riady to also take on the role of CEO at the start of 2020, the property developer said Monday.
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UPDATE: Singapore stocks to watch Monday: Keppel, ThaiBev, SATS, CityDev, OUE, Keppel Infrastructure
These are Singapore companies which may be in focus on Monday, 30 September 2019: Keppel, CityDev, Keppel Infrastructure Trust, OUE and Thai Beverage.
OUE enters deal to sell Oakwood Premier OUE serviced residences for S$287 million
OUE entered a deal to sell Oakwood Premier OUE Singapore serviced residences to DHI Holding for S$287.09 million, the property developer said Thursday.
OUE increases stake in Gemdale Properties
OUE acquired 959.86 million shares, or an around 6 percent stake, in Gemdale Properties for around HK$815.9M, the Singapore-listed developer said Wednesday.
UPDATE: Singapore stocks to watch Thursday: ThaiBev, YZJ, Sembcorp, OUE, Accordia Golf, No Signboard
These are Singapore companies which may be in focus on Thursday, 15 August 2019: Thai Beverage, Yangzijiang, Sembcorp, OUE and Accordia Golf.
OUE 2Q19 net profit surges more than 11 times on divestment proceeds
OUE reported Tuesday its 2Q19 net profit surged more than 11 times on-year to S$60.86M, mainly on a one-off gain for the disposal of Aquamarina Hotel.
UPDATE: Singapore stocks to watch Monday: Banks, CapitaLand, Temasek, Keppel, SIA, Suntec REIT
These are Singapore companies that may be in focus on Monday, 1 July 2019: Banks, Temasek, Singapore Airlines and Hyflux.
UPDATE: Singapore stocks to watch Thursday: Frasers Property, SGX, Hyflux, OUE, Sunpower
These are Singapore companies which may be in focus on Thursday, 27 June 2019: Frasers Property, SGX, Hyflux, OUE and Sunpower.
UPDATE: Singapore stocks to watch Tuesday: SIA, Sembcorp, Singtel, ESR-REIT, property, Keppel-KBS US REIT
These are Singapore companies which may be in focus Tuesday, 18 June 2019: Singapore Airlines, Sembcorp Industries, Singtel, ESR-REIT and Singapore property.
OUE: Majority of holders S$150 million 3 percent bonds tender for redemption
Around 89.67% of OUE’s S$150M 3.0% exchangeable bonds due 2023, or S$134.5M worth, were tendered for redemption, the property developer said Wednesday.
OUE proposes redeeming S$150 million exchangeable bonds due 2023
OUE invited holders of its S$150M 3 percent exchangeable bonds due 2023 to tender the securities for early redemption, the property company said Tuesday.
UPDATE: Singapore stocks to watch Monday: Keppel, CapitaLand, CMT, Genting Singapore, ST Engineering
These are Singapore stocks which may be in focus on Monday, 3 June 2019: Genting Singapore, ST Engineering, OUE, SPH and Perennial.
OUE reports nearly flat 1Q19 net profit amid lower hospitality revenue
OUE reported Friday its first quarter net profit rose 0.3 percent on-year to S$1.03 million amid changes to accounting standards for leases.
UPDATE: Singapore stocks to watch Tuesday: Mapletree Industrial, ComfortDelGro, Keppel REIT, CapitaLand
These are Singapore companies which may be in focus on Tuesday, 23 April 2019: Mapletree Industrial Trust, ComfortDelGro, ST Engineering and LMIRT.
UPDATE: Singapore stocks to watch Monday: UIC, OUE, Yangzijiang, Keppel, Ezion, ST Engineering, Heeton
These are Singapore companies likely to be in focus on Monday, 15 April 2019: UIC, OUE, Yangzijiang, Keppel, Ezion and Yongnam.
UIC to acquire Marina Centre Holdings stake for around S$485 million
UIC said late Friday it agreed to acquire a 24.27 percent stake in Marina Centre Holdings from three sellers, including OUE, for a total S$485.33 million.
UPDATE: OUE Commercial REIT and OUE Hospitality Trust propose S$1.52 billion merger
OUE Commercial REIT and OUE Hospitality Trust said on Monday they were proposing a merger which would create one of the largest diversified S-REITs.
UPDATE: Singapore stocks to watch Monday: Sembcorp, Far East Orchard, SIA, M1, OUE
These are Singapore companies which may be in focus on Monday, 18 March 2019: Sembcorp Indutries, Far East Orchard, Singapore Airlines, M1 and OUE.
UPDATE: Singapore stocks to watch Wednesday: CapitaLand, Golden Agri, OUE, Olam, UOL
These are Singapore companies which may be in focus on Wednesday, 27 February 2019: CapitaLand, Golden Agri, UOL, OUE and Olam.
OUE reports 2018 net profit dropped 89 percent on goodwill impairment
OUE reported Tuesday its full year net profit dropped 89.4% on-year to S$10.0M, partly on impairment of goodwill for its investment in OUE Lippo Healthcare.
UPDATE: Singapore stocks to watch Thursday: Ascendas REIT, Grab, Frasers Hospitality, OUE Commercial
These are Singapore stocks which may be in focus on Thursday, 31 January 2019: Ascendas REIT, Grab, Frasers Hospitality and OUE Commercial.
UPDATE: Singapore competition regulators fine Capri, Village Hotels, Crowne Plaza for sharing data
Singapore competition regulators fined the owners and operators of several hotels, saying that they shared pricing details on their corporate customers.
Singapore stocks to watch Monday: Keppel, Oxley, Great Eastern, OUE, Frasers Hospitality
These are Singapore stocks which may be in focus on Monday, 28 January 2019: Keppel Corp. Portsville, a wholly owned subsidiary of Keppel Land (KLL),…
Singapore stocks to watch Monday: SGX, ComfortDelGro, Sunpower, Keppel, Oxley
These are Singapore stocks which may be in focus on Monday 12 November 2018: SGX Singapore Exchange and the Monetary Authority of Singapore said on…
OUE reports 3Q18 net profit fell 81 percent on marked-to-market losses
OUE reported on Friday that its third-quarter net profit fell 80.7 percent on-year to S$2.1 million, mainly on non-cash marked-to-market fair value losses of investments…
UPDATE: Singapore stocks to watch Monday: SembMarine, Mapletree Logistics, HPHT, ST Engineering
These are Singapore stocks which may be in focus on Monday 29 October 2018: ST Engineering ST Engineering said on Monday that it is seeking…
UPDATE: Singapore stocks to watch Thursday: M1, SIA, SATS, CapitaLand Malls Trust, OUE, Spackman
These are Singapore stocks which may be in focus on Thursday 25 October 2018: M1 Singapore telco M1 reported its third-quarter net profit fell 5.5…
Singapore stocks to watch Wednesday: OUE, Wilmar, Golden Agri, Noble, Ascott Residence Trust
These are the Singapore stocks which may be in focus on Wednesday 26 September 2018: OUE OUE said on Tuesday that its subsidiary, PT OUE…
OUE and OUE Lippo Healthcare to acquire manager of First REIT
OUE Ltd. and OUE Lippo Healthcare will acquire Bowsprit Capital, the manager of SGX-listed First REIT for a total of S$98.88 million, while OUE Lippo…
Singapore stocks to watch Tuesday: CapitaLand, Sembcorp, Yangzijiang, SIA Ascendas REIT
These are the Singapore stocks which may be in focus on Tuesday 18 September 2018: CapitaLand CapitaLand has acquired a portfolio of 16 multifamily properties…
Singapore stocks to watch Tuesday: OUE, DBS, Yanlord, China Fibretech, China Everbright
These are the Singapore stocks which may be in focus on Tuesday 11 September 2018: OUE and OUE Commercial REIT OUE Commercial REIT plans to…
OUE Commercial REIT plans to acquire OUE Downtown office assets for S$908 million
OUE Commercial REIT plans to acquire the office components of OUE Downtown in Singapore’s central business district from OUE’s wholly owned Alkas Realty for an…
OUE kept at Buy by Daiwa despite 1H18 earnings missing forecasts
Daiwa kept shares of OUE at Buy despite its first-half earnings missing its forecasts and spurring cuts to its earnings outlook, saying the shares offer…
OUE posts 2Q18 net profit fell nearly 25 percent on absence of property development revenue
OUE reported on Friday that its second quarter net profit fell 24.6 percent on-year to S$5.3 million on higher finance expenses and as revenue declined…
Deutsche Bank turns more positive on Singapore property
The strong response for two recent Singapore property projects has reaffirmed the positive outlook for the city-state’s residential developers, Deutsche Bank said in a note…
OUE offers deep value despite earnings uncertainty: Daiwa
Daiwa is sticking with a Buy call on OUE, saying it saw “deep value” which would emerge “at some stage,” despite “near-term operational issues.” Those…