Brokers' take
OUE Limited | Buy (maintained) Feb 28 close: S$1.65 Fair value: S$2.32 OCBC Investment Research, Feb 28
OUE Limited's FY2018 revenue fell 14.7 per cent to S$642.9 million, largely due to lower contribution from the group's property development arm. Profit after tax and minority interests recorded a 89.4 per cent drop to S$10 million, on the back of one-offs. We deem this set of results to be broadly under expectations.
The group has proposed a special dividend of 11 Singapore cents.
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