Thursday, May 12, 2016

OUE

OUE: Results below expectations.
- 1Q16 PATMI declined 89.3% y/y to $8.3m, mainly due to fair value losses and absence of divestment gain.
- Revenue improved 13.4% on higher investment contributions and hospitality operations.
- OCBC places TP of $2.69 under review but maintain its BUY rating.

No comments:

Post a Comment