OUE Hospitality Trust 2Q2019 Financial Results Weaker Than Expected

OUE Hospitality Trust 2Q2019 Financial Results Weaker Than Expected

The opening of Jewel this year failed to act as a catalyst for OUE Hospitality Trust.  I am expecting it to attract more tourists which can possibly give the hospitality segment a boost but it didn’t.

OUE Hospitality Trust makes up 4% of my stock portfolio. OUE Hospitality Trust has announced their 2Q2019 financial results on 6th August 2019. Net Property Income (NPI) was lower by S$1.2 million mainly due to lower gross revenue from both the hospitality and retail segments. Distribution Per Unit was 1.06 cents, 9.4% lower y-o-y, mainly due to lower income and higher interest expense.

The current gearing ratio stood at 38.5% which I felt that it is not on the high side but neither is it safe haven. The good thing is that there is no refinancing required until December 2020. Read More

Screening For Dividend Stocks In August 2019

Screening For Dividend Stocks In August 2019

How do you find stocks to buy on the stock market? One of the way is to use a stock screener. There are several websites that offer such a tool to screen for stocks using conditions that you can set such as dividend yield, P/E ratio, P/B ratio and Market Capitalization etc. Some website that offers such a tool are Singapore Exchange, FSMOne and StocksCafe.

For myself, I prefer to run my dividend stocks screening using StocksCafe as it allows me to save the conditions that I can pre-set. You can check out my review here on the StocksCafe Dividend Stocks Screener (Read more: Screening For Dividend Stocks Using Stocks Cafe Stock Screener).

Every month, I will run the stock screener to check what is the highest dividend yielding stock right now. Last week, the stock market experienced a roller coaster ride whereby the stock prices were in a sea of red. Some panic but for me, it poses an opportunity for me to grab some good dividend yielding stocks.

I have limited the results to the top 10 dividend yielding stocks right now. Here are the results:

Name Current Yield % P/E P/B Market Cap
Haw Par 8.22 17 1.011 3.1B
Capita Retail China Trust 7.514 9.02 0.9 1.7B
Frasers Logistics and Industrial Trust 7.193 11.85 1.31 2.7B
OUE Hospitality Trust 6.621 19.3 0.968 1.3B
Far East Hospitality Trust 6.047 15.03 0.745 1.2B
SPH 6.01 13.69 0.98 3.3B
Frasers Commercial Trust 5.963 9.68 1.03 1.4B
OUE Commercial REIT 5.786 10.51 0.725 1.5B
Ascott REIT 5.779 10.33 1.002 2.8B
Prudential USD 5.746 12.51 2.069 51.8B

Haw Par topped the chart in terms of dividend yield. I really ought to find some time to look into this stock. As of 19th August 2019, Haw Par is trading at S$13.99. Wow, this is really an expensive stock!

Frasers Logistics and Industrial Trust also appear in the top 3. As Frasers Logistics and Industrial Trust already make up 13% of my stock portfolio, I shall refrain from adding more to my stock portfolio.

From the list, I am interested in Frasers Commercial Trust whereby this REIT only makes up 1% of my stock portfolio. As of 19th August 2019, Frasers Commercial Trust is trading at S$1.61.

Do you hope the stock market fall further?