OUE Lippo Healthcare

The two main Singapore proxies to an ageing Asia are ParkwayLife REIT and First REIT

OUE closed March 1 at $1.23, versus its NAV as at Dec 31 2022 of $4.35.

The company's two hospital JVs in China are on track to open later this year and in 2024

The partnership will see OUE and OUELH spend about $31 million to buy its 60% stake.

The acquisition marks First REIT's maiden foray into the Japan nursing home market.

Excluding the gain, earnings came in at $3.67 million, reversing from the $1.26 million in losses seen in the previous year.

Shares in OUE Lippo Healthcare closed flat at 3.7 cents on Feb 23.

First REIT's unitholders have little choice but to vote a for a restructure despite a dilutive rights issue.

SINGAPORE (May 8): OUE Lippo Healthcare (OUE LH) has posted $0.2 million earnings, reversing from its 1Q18 loss of $2.7 million due to lower finance costs, higher other income as well as higher share of results of equity-accounted investees.

SINGAPORE (Mar 11): Soochow CSSSD Capital Markets (SCCM) is starting coverage on OUE Lippo Healthcare (OUE LH) at “buy” with a target price of 8.8 cents, while forecasting a 25.2% earnings per share (EPS) CAGR from FY19-22E as the group enters a “du