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OUE (formerly: Overseas Union Enterprise)
25-06-2016, 04:35 PM,
Post: #101
RE: OUE (formerly: Overseas Union Enterprise)
OUE unveils OUE Skyspace LA and firstof-its-kind Skyslide at U.S. Bank Tower

OUE Limited held a ribbon-cutting ceremony to launch the much-anticipated OUE Skyspace LA at the iconic U.S. Bank Tower.

The all-new OUE Skyspace LA is California's tallest open-air observation deck at almost 1,000 feet above downtown Los Angeles, and the premiere destination for 360-degree views of the city, stretching from the Hollywood Hills to the Pacific Ocean.

The OUE Skyspace LA experience includes a variety of interactive visitor touch points on floors 2, 54, 69 and 70. Besides taking in the spectacular panoramas from the two-storey observation deck on the upper floors, visitors can view the city like never before on the thrilling Skyslide attraction. Made entirely of clear glass, 1¼ inches thick, the Skyslide is a first-of-its-kind outdoor glass slide affixed to the exterior of U.S. Bank Tower, extending 45 feet long from floor 70 to floor 69, offering visitors a truly unparalleled experience.

[Image: skyslide.jpg]
Image Source : skyspace-la.com
Specuvestor: Asset - Business - Structure.

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18-09-2016, 04:08 PM,
Post: #102
RE: OUE (formerly: Overseas Union Enterprise)
OUE Limited - OCBC Investment 2016-09-16: Share buybacks in the open market

OUE has been conducting company share buybacks in the open market and has so far has gone into the market on 8 occasions to purchase some 1.05m shares for S$1.7m, which translates to an average price of S$1.58 per share.

We believe that these share buybacks are accretive to shareholders at currently undervalued share prices, particularly after recent encouraging sales at OUE Twin Peaks after the group’s marketing efforts and the implementation of a deferred payment scheme. These sales at OUE Twin Peaks will significantly reduce the risk in the group’s asset valuations, in our view, and we see longterm value in OUE shares at current levels.

Looking ahead, we expect sales at Twin Peaks to continue into 2H16 and also look forward to the completion of asset enhancement works at OUE Downtown which is on track to complete by end 2016.

Maintain BUY with an unchanged fair value estimate of S$2.17.

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22-09-2016, 08:42 PM, (This post was last modified: 22-09-2016, 08:43 PM by bardsmanship.)
Post: #103
RE: OUE (formerly: Overseas Union Enterprise)
OUE Limited - OCBC Investment 2016-09-22: Attractive risk-reward at current prices

We believe that OUE’s shares offer attractive risk-reward at current levels, now trading at steep 63% discount to book value and some 8.5% above its 12 month low of S$1.47.

While the company does face headwinds in a muted property market, we see current share prices to be overly pessimistic.

The group’s recent efforts to market its OUE Twin Peaks project have met with significant success, with over 265 units sold out of 462 total units at an ASP above S$2.5k psf, which will significantly reduce the risk in the group’s asset valuations in our view.

Looking ahead, we expect sales at Twin Peaks to continue into 2H16 and also look forward to the completion of asset enhancement works at OUE Downtown which is on track to complete by end 2016.

Maintain BUY with an unchanged fair value estimate of S$2.17.

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