OUE Hospitality Trust kept at 'add' with $1.00 target by CIMB

Stock Name: OUE HTrust
Company Name: OUE HOSPITALITY TRUST

Research House: CIMB

Price Call: BUY

Target Price: 1.00

SINGAPORE (Jan 29): CIMB Research is maintaining its "add" on OUE Hospitality Trust with a target price of $1.00.

In a Jan 28 note, the research house says this should be an "exciting" year for OUE H-Trust given the more favourable outlook for Singapore's tourism industry for 2015.

OUE-HT delivered $23.6 million in distributable income and DPU of 1.78 cents, beating forecasts made during its IPO by 1.3% and 1.1% respectively.