Two things that can spur growth for OUEHT

The opening of Changi Terminal 4 is one.

Following Changi Airport Group's traffic improvement growth in the month of May, the airport has more in store for Singapore's OUE Hospitality Trust.

To recall, passenger movements were up 4.6% in May and 5.3% for the first five months of the year. In the coming weeks, Changi Airport will see the first commercial flights use Terminal 4 as part of the final phases of trials ahead of the new terminal's official opening.

Meanwhile, the opening of the 1,021sqft flagship store of the luxury skincare line Cle de Peau Beaute at the Mandarin Gallery could also provide a boost to OUEHT.

"We remain positive on the medium-term impact of Terminal 4’s opening for OUE Hospitality Trust’s (OUEHT) Crowne Plaza Changi Airport, as well as the prospect for a sustained improvement in contributions from Mandarin Gallery," OCBC Investment Research analyst Deborah Ong said.