Stock Name: OUE HTrust
Company Name: OUE HOSPITALITY TRUST
Company Name: OUE HOSPITALITY TRUST
| Research House: CIMB | Price Call: BUY | Target Price: 1.00 |
SINGAPORE (Jan 7): CIMB has increased its price target for OUE Hospitality Trust (OUE-HT) to $1 from 96 cents to factor in additional income from Crowne Plaza Hotel at Changi Airport, which the property trust will spend $495 million to acquire.
The acquisition will boost OUE-HT's distribution per unit by 0.1% in FY2015 and 2.5% in FY2016, according to CIMB analyst Pang Ti Wee, who has an "add" rating on the stock.
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