For the past one weeks, two brokers initiate coverage on OUE Ltd. The target price given is quite close, around $4.2. The stock was also covered in the edge year end issue. Why the buzz around the company?
The draw:
- Office rental recovery
- Hotel business doing well as more tourist arrive
- More initiative to unlock value
At this price, the upside is about less than 20%. Not that attractive compare to many undervalued small and mid cap. However, if you buy only blue chip, I think it has chance to continue to move up. As more people believe the stock will do well in coming year, it will move up slowly.
Tuesday, 18 January 2011
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