The most bullish thing charging in this year.


OUE Limited

Business/Industry: Real Estate

Corporate Profile:
Headquartered in Singapore, OUE is a diversified real estate owner, developer, and operator with portfolios across Asia and US. It develops and manages assets in the commercial, hospitality, retail residential and healthcare sectors, e.g. OUE Hospitality Trust and OUE Commercial Real Estate Investment Trust. In March 2017, it acquired International Healthway Corporation in March 2017.

Key Business Activities:
2016 saw the rejuvenation of a number of OUE properties: It launched the OUE Skyspace LA at the U.S. Bank Tower in downtown Los Angeles. Crowne Plaza Changi Airport also got a 10-storey extension, increasing capacity from 320 to 563 rooms. Commercial building OUE Downtown has been revamped to become an exciting mixed-use development with the introduction of a retail and lifestyle wing and serviced residences.

Key Financial Updates (Q1 2017):
Boosted by contributions from both the property development and property investments divisions, revenue in the first quarter increased by 60% (year on year) to $196.3 million. This saw attributable profit rise 85% to $15.4 million. However, earnings before interest and tax (EBIT) decreased by 49% to $35.0 million, due to higher administrative expenses and lower contribution from equity-accounted investees.

Current Market Cap ≈ $1.79billion
Current Share price: $1.99 (03 June 2017)
Average Daily Value Traded ≈ $1.04million (6 months ending 31 May 2017)
Average Volume Traded ≈ 527,894 (6 months ending 31 May 2017)

*Source: Annual Report
Q1 2017 Quarterly Report