OUE kept at 'buy' with $2.43 target price by Deutsche Bank

Stock Name: OUE
Company Name: OUE LIMITED

Research House: Deutsche Bank

Price Call: BUY

Target Price: 2.43

SINGAPORE (Nov 5): Deutsche Bank Market Research is maintaining its "buy" call on developer OUE with a target price of $2.43.

Although 9M14 results came in below expectations, OUE is ramping up its commercial properties. Trading at 40% discount to RNAV of $4.06 and 0.52x P/B, OUE's valuations also remain attractive, says analyst Man Chien-Fie in a Nov 5 report.