Shares & Derivatives
OUE Hospitality Trust 1Q2017 Results – Signs of Recovery?
By My Sweet Retirement  •  May 21, 2017
Recently, I noticed the share price of OUE Hospitality Trust has gone up slight by a bit. It even broke above $0.70 on 5th April 2017. While research reports published by analyst says that hospitality sector is improving and the worst may be over for 2017, I still have doubts. Since OUE Hospitality Trust makes up 5% of my current stock portfolio, I decided to take a brief look at its 1Q2017 financial results. Below are some notes I took from the OUE Hospitality Trust 1Q2017 financial results presentation.
  • Master lease income from Mandarin Orchard Singapore decreased by $0.6 million but it was offset by $1.6 million higher master lease income from CPCA (“Crowne Plaza Changi Airport”).
  • RevPAR for MOS (“Mandarin Orchard Singapore”) was lower at $217 in 1Q2017 as compared to $222 in 1Q2016.
  • Retail revenue at Mandarin Gallery was $1.0 million higher than 1Q2016 ...
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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