OUE Hospitality Trust’s DPU drops 39.5 % to 0.92 cents

Full-year outlook is also not very welcoming.

Despite anticipated contributions from new attractions come 2H16, OUE Hospitality Trust’s (OUEHT) Q2 DPU was still below expectations, analysts say.

According to OCBC, OUEHT’s DPU plunged 39.5 YoY to 0.92 S cents or 17.2% of its full-year forecast. Bloomberg gave a lower 16.4% consensus DPU forecast, undermining supposed boost in 2H16 from Crowne Plaza Changi Airport (CPCA) extension along with the opening of Victoria’s Secret and Michael Kors at Mandarin Gallery, it added.

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Vibrant Group wins suit against Blackgold Australia
The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley