OUE Hospitality Trust - RHB Invest 2019-08-19: Ceasing Coverage

OUE HOSPITALITY TRUST (SGX:SK7) | SGinvestors.io OUE HOSPITALITY TRUST (SGX:SK7)

OUE Hospitality Trust - Ceasing Coverage

  • We are ceasing coverage on OUE HOSPITALITY TRUST (OUEHT, SGX:SK7) due to a high likelihood of a successful merger with OUE COMMERCIAL REIT (OUECT, SGX:TS0U). Our last recommendation was TAKE PROFIT with a Target Price of SGD 0.76.
  • OUEHT and OUECT respective shareholders have approved the proposed merger at an EGM held on 14 Aug 2019. The court hearing of the merger application is expected early next month after which OUEHT is expected to be delisted by end 3Q19.



Quick recap of the merger transaction.







Vijay Natarajan RHB Securities Research | https://www.rhbinvest.com.sg/ 2019-08-19
SGX Stock Analyst Report NOT RATED MAINTAIN TAKE PROFIT 0.760 SAME 0.760



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