OUE Limited is a diversified real estate owner, developer and operator with a real estate portfolio located in Asia and the United States.
OUE Limited (SGX-ST: “OUE”) consistently grows its business by leveraging its brands and proven expertise in developing and managing assets across the commercial, hospitality, retail residential and healthcare sectors. With its core strategy of investing in and enhancing a stable of distinctive properties, OUE is committed to developing a portfolio that has a strong recurrent income base, balanced with development profits, to enhance long-term shareholder value.
OUE is the sponsor of OUE Hospitality Trust and OUE Commercial Real Estate Investment Trust.
OUE recently acquired International Healthway Corporation, a listed integrated healthcare services and facilities provider in March 2017.
OUE after hitting the low of $1.90 on 19th May 2017, it has since bounce-off from the lower channel of the trend line and head higher to close well at $1.965 on 9th June 2017.The volume has also increased which is generally quite positive.
Short term wise, I think it may likely move up to rest $2.00. Crossing over with ease + good volume that may propel to drive the share price higher towards $2.06 with extension to $2.17. P/B is 0.57, dividend of 5 cents per annum.( trade base on your own decision)