$OUE COMMERCIAL REIT(TS0U.SI)$-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$OUE COMMERCIAL REIT(TS0U.SI)$

An opportunity for all?

OUE Commercial REIT (OUECT) announced its 1Q22 business update. Revenue fell 20.3% year-on-year (YoY) to SGD59.5m, while net property income (NPI) dropped 21.5% YoY to SGD48.0m during the quarter, mainly attributable to the divestment of a 50% stake in OUE Bayfront and partially offset by lower rental rebates and property expenses. As of 31 Mar 2022, committed occupancy of commercial portfolio fell 0.3 percentage points (ppt) QoQ to 91.2%, due to weaker office committed occupancy in Singapore (-0.4 ppt to 90.8%) while Mandarin Gallery’s committed occupancy increased 2 ppt QoQ to 88.7%. Leasing demand in Shanghai was affected by the Chinese New Year and the Covid-19 outbreak. Management is likely to provide rental rebates to the affected F&B tenants at Lippo Plaza (contributed ~3% of 1Q22 revenue). OUECT’s hospitality portfolio continued to collect minimum rent of SGD16.9m under the master lease arrangements in 1Q22. Overall, hospitality RevPAR was up 0.3% QoQ to SGD113. Given its recovery outlook, this stock looks decent and can be considered for itsdividends!

DYODD.

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Comments

BaronLyly
2022-05-19
BaronLyly
I agree with you. I also think this kind of investment is relatively safe, at least not too risky.😁😁😁😁
- Bunifa Latif:
  That is correct :)
ChristKitto
2022-05-19
ChristKitto
Thank you for the author's recommendation. Obviously you are very optimistic about the future of this company. When do you think it is more appropriate to build a position?
- Bunifa Latif:
  Hmm i will wait till end of month and DCA usually
MyrnaNorth
2022-05-19
MyrnaNorth
For Reit such as OUE Commercial REIT, as long as the epidemic is not completely controlled, its business will always be affected, but it is worth paying attention to.
- Bunifa Latif:
  Yes :)
Juanlee
2022-05-20
Juanlee
You will have to read up its history , connections and family
pixiezz
2022-05-19
pixiezz
I think it is a great opptunities to buy it now.
vippy
2022-05-19
vippy
I will consider to add it into my watchlist.
- CHUMOI:
  Ok

Leave a comment

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Revenue fell 20.3% year-on-year (YoY) to SGD59.5m, while net property income (NPI) dropped 21.5% YoY to SGD48.0m during the quarter, mainly attributable to the divestment of a 50% stake in OUE Bayfront and partially offset by lower rental rebates and property expenses. As of 31 Mar 2022, committed occupancy of commercial portfolio fell 0.3 percentage points (ppt) QoQ to 91.2%, due to weaker office committed occupancy in Singapore (-0.4 ppt to 90.8%) while Mandarin Gallery’s committed occupancy increased 2 ppt QoQ to 88.7%. Leasing demand in Shanghai was affected by the Chinese New Year and the Covid-19 outbreak. Management is likely to provide rental rebates to the affected F&amp;B tenants at Lippo Plaza (contributed ~3% of 1Q22 revenue). OUECT’s hospitality portfolio continued to collect minimum rent of SGD16.9m under the master lease arrangements in 1Q22. Overall, hospitality RevPAR was up 0.3% QoQ to SGD113. Given its recovery outlook, this stock looks decent and can be considered for itsdividends!</p><p><br></p><p>DYODD.</p></body></html>","htmlText":"<html><head></head><body><p><a href=\"https://ttm.financial/S/TS0U.SI\">$OUE COMMERCIAL REIT(TS0U.SI)$</a></p><p>An opportunity for all?</p><p><br></p><p>OUE Commercial REIT (OUECT) announced its 1Q22 business update. Revenue fell 20.3% year-on-year (YoY) to SGD59.5m, while net property income (NPI) dropped 21.5% YoY to SGD48.0m during the quarter, mainly attributable to the divestment of a 50% stake in OUE Bayfront and partially offset by lower rental rebates and property expenses. As of 31 Mar 2022, committed occupancy of commercial portfolio fell 0.3 percentage points (ppt) QoQ to 91.2%, due to weaker office committed occupancy in Singapore (-0.4 ppt to 90.8%) while Mandarin Gallery’s committed occupancy increased 2 ppt QoQ to 88.7%. Leasing demand in Shanghai was affected by the Chinese New Year and the Covid-19 outbreak. Management is likely to provide rental rebates to the affected F&amp;B tenants at Lippo Plaza (contributed ~3% of 1Q22 revenue). OUECT’s hospitality portfolio continued to collect minimum rent of SGD16.9m under the master lease arrangements in 1Q22. Overall, hospitality RevPAR was up 0.3% QoQ to SGD113. Given its recovery outlook, this stock looks decent and can be considered for itsdividends!</p><p><br></p><p>DYODD.</p></body></html>","text":"$OUE COMMERCIAL REIT(TS0U.SI)$ An opportunity for all? OUE Commercial REIT (OUECT) announced its 1Q22 business update. Revenue fell 20.3% year-on-year (YoY) to SGD59.5m, while net property income (NPI) dropped 21.5% YoY to SGD48.0m during the quarter, mainly attributable to the divestment of a 50% stake in OUE Bayfront and partially offset by lower rental rebates and property expenses. As of 31 Mar 2022, committed occupancy of commercial portfolio fell 0.3 percentage points (ppt) QoQ to 91.2%, due to weaker office committed occupancy in Singapore (-0.4 ppt to 90.8%) while Mandarin Gallery’s committed occupancy increased 2 ppt QoQ to 88.7%. Leasing demand in Shanghai was affected by the Chinese New Year and the Covid-19 outbreak. Management is likely to provide rental rebates to the affected F&B tenants at Lippo Plaza (contributed ~3% of 1Q22 revenue). OUECT’s hospitality portfolio continued to collect minimum rent of SGD16.9m under the master lease arrangements in 1Q22. Overall, hospitality RevPAR was up 0.3% QoQ to SGD113. Given its recovery outlook, this stock looks decent and can be considered for itsdividends! DYODD.","highlighted":2,"essential":2,"paper":1,"likeSize":489,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/9023223672","repostId":0,"isVote":1,"tweetType":1,"viewCount":4543,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["TS0U.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":964,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":101852066,"commentId":"101852066","gmtCreate":1652923004893,"gmtModify":1663249695129,"authorId":9000000000000695,"author":{"id":9000000000000695,"idStr":"9000000000000695","authorId":9000000000000695,"name":"BaronLyly","avatar":"https://static.tigerbbs.com/2002537f0b7be973a9a9a72fea618459","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9023223672,"objectIdStr":"9023223672","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"I agree with you. I also think this kind of investment is relatively safe, at least not too risky.😁😁😁😁","text":"I agree with you. I also think this kind of investment is relatively safe, at least not too risky.😁😁😁😁","html":"I agree with you. I also think this kind of investment is relatively safe, at least not too risky.😁😁😁😁","likeSize":3,"commentSize":1,"subComments":[{"id":101852117,"commentId":"101852117","gmtCreate":1652923101492,"gmtModify":1663249697742,"authorId":4101144485256300,"author":{"id":4101144485256300,"idStr":"4101144485256300","authorId":4101144485256300,"name":"Bunifa Latif","avatar":"https://static.tigerbbs.com/26345dcc52c7fb5e31b8214c4b0f3b11","vip":1,"currentWearingBadge":{"badgeId":"f00de38e20574ad1abf55a15966547c8-1","templateUuid":"f00de38e20574ad1abf55a15966547c8","name":"Average winning trade","description":"Top 50%","bigImgUrl":"https://community-static.tradeup.com/news/f53cdecfbff6499d133bad354ae10ff1","smallImgUrl":"https://community-static.tradeup.com/news/2554f84686bbcccc035b93fe29308e43","grayImgUrl":"https://community-static.tradeup.com/news/84c66bc70ac1cf09f4e89b1d4ca9d017","redirectLinkEnabled":0,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.04.16","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":5200},"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9023223672,"objectIdStr":"9023223672","type":1,"supId":101852066,"supIdStr":"101852066","prevId":0,"prevIdStr":"0","content":"That is correct :)","text":"That is correct :)","html":"That is correct :)"}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101852058,"commentId":"101852058","gmtCreate":1652922968958,"gmtModify":1663249696250,"authorId":9000000000000652,"author":{"id":9000000000000652,"idStr":"9000000000000652","authorId":9000000000000652,"name":"ChristKitto","avatar":"https://static.tigerbbs.com/4978f4a510bcf43d5d844a52ae86fd92","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9023223672,"objectIdStr":"9023223672","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Thank you for the author's recommendation. Obviously you are very optimistic about the future of this company. When do you think it is more appropriate to build a position?","text":"Thank you for the author's recommendation. Obviously you are very optimistic about the future of this company. When do you think it is more appropriate to build a position?","html":"Thank you for the author's recommendation. Obviously you are very optimistic about the future of this company. When do you think it is more appropriate to build a position?","likeSize":2,"commentSize":1,"subComments":[{"id":101852111,"commentId":"101852111","gmtCreate":1652923094846,"gmtModify":1663249695048,"authorId":4101144485256300,"author":{"id":4101144485256300,"idStr":"4101144485256300","authorId":4101144485256300,"name":"Bunifa Latif","avatar":"https://static.tigerbbs.com/26345dcc52c7fb5e31b8214c4b0f3b11","vip":1,"currentWearingBadge":{"badgeId":"f00de38e20574ad1abf55a15966547c8-1","templateUuid":"f00de38e20574ad1abf55a15966547c8","name":"Average winning trade","description":"Top 50%","bigImgUrl":"https://community-static.tradeup.com/news/f53cdecfbff6499d133bad354ae10ff1","smallImgUrl":"https://community-static.tradeup.com/news/2554f84686bbcccc035b93fe29308e43","grayImgUrl":"https://community-static.tradeup.com/news/84c66bc70ac1cf09f4e89b1d4ca9d017","redirectLinkEnabled":0,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.04.16","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":5200},"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9023223672,"objectIdStr":"9023223672","type":1,"supId":101852058,"supIdStr":"101852058","prevId":0,"prevIdStr":"0","content":"Hmm i will wait till end of month and DCA usually","text":"Hmm i will wait till end of month and DCA usually","html":"Hmm i will wait till end of month and DCA usually"}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101852040,"commentId":"101852040","gmtCreate":1652922921143,"gmtModify":1663249696040,"authorId":9000000000000462,"author":{"id":9000000000000462,"idStr":"9000000000000462","authorId":9000000000000462,"name":"MyrnaNorth","avatar":"https://static.tigerbbs.com/93d5c39d60e3b5c35cd699bf7d148556","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9023223672,"objectIdStr":"9023223672","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"For Reit such as OUE Commercial REIT, as long as the epidemic is not completely controlled, its business will always be affected, but it is worth paying attention to.","text":"For Reit such as OUE Commercial REIT, as long as the epidemic is not completely controlled, its business will always be affected, but it is worth paying attention to.","html":"For Reit such as OUE Commercial REIT, as long as the epidemic is not completely controlled, its business will always be affected, but it is worth paying attention to.","likeSize":1,"commentSize":1,"subComments":[{"id":101852092,"commentId":"101852092","gmtCreate":1652923067428,"gmtModify":1663249699258,"authorId":4101144485256300,"author":{"id":4101144485256300,"idStr":"4101144485256300","authorId":4101144485256300,"name":"Bunifa Latif","avatar":"https://static.tigerbbs.com/26345dcc52c7fb5e31b8214c4b0f3b11","vip":1,"currentWearingBadge":{"badgeId":"f00de38e20574ad1abf55a15966547c8-1","templateUuid":"f00de38e20574ad1abf55a15966547c8","name":"Average winning trade","description":"Top 50%","bigImgUrl":"https://community-static.tradeup.com/news/f53cdecfbff6499d133bad354ae10ff1","smallImgUrl":"https://community-static.tradeup.com/news/2554f84686bbcccc035b93fe29308e43","grayImgUrl":"https://community-static.tradeup.com/news/84c66bc70ac1cf09f4e89b1d4ca9d017","redirectLinkEnabled":0,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.04.16","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":5200},"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9023223672,"objectIdStr":"9023223672","type":1,"supId":101852040,"supIdStr":"101852040","prevId":0,"prevIdStr":"0","content":"Yes :)","text":"Yes :)","html":"Yes :)"}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101872559,"commentId":"101872559","gmtCreate":1653011646372,"gmtModify":1663249784264,"authorId":3553595575003751,"author":{"id":3553595575003751,"idStr":"3553595575003751","authorId":3553595575003751,"name":"Juanlee","avatar":"https://static.tigerbbs.com/fbf36c4a5cfcee186a3187df34efc7f9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9023223672,"objectIdStr":"9023223672","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"You will have to read up its history , connections and family","text":"You will have to read up its history , connections and family","html":"You will have to read up its history , connections and family","likeSize":4,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101860321,"commentId":"101860321","gmtCreate":1652959870337,"gmtModify":1663249732552,"authorId":9000000000000341,"author":{"id":9000000000000341,"idStr":"9000000000000341","authorId":9000000000000341,"name":"pixiezz","avatar":"https://static.tigerbbs.com/a5d8c2eb1c079c85b43879eb951e8684","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9023223672,"objectIdStr":"9023223672","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"I think it is a great opptunities to buy it now.","text":"I think it is a great opptunities to buy it now.","html":"I think it is a great opptunities to buy it now.","likeSize":4,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101860314,"commentId":"101860314","gmtCreate":1652959837212,"gmtModify":1663249732639,"authorId":9000000000000339,"author":{"id":9000000000000339,"idStr":"9000000000000339","authorId":9000000000000339,"name":"vippy","avatar":"https://static.tigerbbs.com/c0126a7d8aadf37410e3ec43acf556ad","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9023223672,"objectIdStr":"9023223672","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"I will consider to add it into my watchlist.","text":"I will consider to add it into my watchlist.","html":"I will consider to add it into my watchlist.","likeSize":2,"commentSize":1,"subComments":[{"id":101898419,"commentId":"101898419","gmtCreate":1653137165891,"gmtModify":1663249897240,"authorId":3585564713983052,"author":{"id":3585564713983052,"idStr":"3585564713983052","authorId":3585564713983052,"name":"CHUMOI","avatar":"https://community-static.tradeup.com/news/5e17e4971f9806e45bed8f8a545e973e","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.02.26","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9023223672,"objectIdStr":"9023223672","type":1,"supId":101860314,"supIdStr":"101860314","prevId":0,"prevIdStr":"0","content":"Ok","text":"Ok","html":"Ok"}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9023223672"}