OUE Hospitality Trust

OUE Hospitality Trust: CIMB maintains Add with TP of $1.00. The house guides that recent market data point to potentially softer earnings in 4Q14 as the hotel segment continues to be impacted by slow visitor arrivals and rupiah volatility. Despite potential near-term earnings fluctuations, remain bullish on OUE-HT as believe this REIT is well-positioned to ride on a more sanguine tourism outlook for 2015. The house reiterate its Add rating with a slightly higher DDM-based (discount rate: 7.9%) target price of S1.00 which factors in additional income from the recently announced CPCA acquisition