- We initiate coverage of OUE REIT (SGX:TS0U) with BUY and DDM-based target price of S$0.30. It is the most inexpensive Singapore-centric commercial S-REIT. With 7.5% yield and priced at half the book, ample value beckons.
- - Read this at SGinvestors.io -
- Over the past couple of years, the manager has optimised the capital structure and enhanced financial flexibility, resulting in an investment-grade credit rating.
Inexpensive on all metrics
- OUE REIT share price trades at a 7.5% yield, close to +1 standard deviation away from its historical mean of 6.9%. On price-to-book metric, it offers a 57% discount vs 35% discount historically.
- - Read this at SGinvestors.io -
Resilient portfolio, improved financial metrics
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.
Krishna Guha Maybank Research | https://www.maybank-ke.com.sg/ 2024-07-15
Read also Maybank's most recent report:
2024-10-24 OUE REIT - Commercial Segment Offsets Weakness In Hotels.
Previous report by Maybank:
2024-07-26 OUE REIT - Growing Top Line; DPU Lower On Financing Cost.
Price targets by 2 other brokers at OUE REIT Target Prices.
Listing of research reports at OUE REIT Analyst Reports.
Relevant links:
OUE REIT Share Price History,
OUE REIT Announcements,
OUE REIT Dividends & Corporate Actions,
OUE REIT News Articles
