OUE Hospitality Trust upgraded to "buy" by OSK-DMG

Stock Name: OUE HTrust
Company Name: OUE HOSPITALITY TRUST

Research House: OSK-DMG

Price Call: BUY

Target Price: 0.97

SINGAPORE (Dec 1): OSK-DMG has upgraded OUE Hospitality Trust (OUEHT) to "buy" from "neutral" and raised its price target to 97 cents from 94 cents, saying its $495-million acquisition of Crowne Plaza Changi Airport hotel and an adjacent extension is positive.

"It would provide OUEHT a good opportunity to own a global brand name hotel asset which is directly connected to the Changi Airport passenger terminals," OSK-DMG analyst Ivan Looi said in a note today.