Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. Lead Independent Director Boh Soon Lim was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annonce • Feb 14
OUE Limited to Report Fiscal Year 2025 Results on Feb 27, 2026 OUE Limited announced that they will report fiscal year 2025 results on Feb 27, 2026 Annonce • Feb 13
OUE Limited Provides Earnings Guidance for the Year Ended 31 December 2025 OUE Limited provided earnings guidance for the year ended 31 December 2025 . For the year, company The expected losses are mainly due to: (i) the share of results of equity-accounted investees, namely the estimated losses from Gemdale Properties and Investment Corporation Limited ("GPI"), an investee company which is 29.07% owned by the Group, whose business in the People's Republic of China (the "PRC") was adversely impacted by the prevailing slow-down of the property market and the current economic environment in the PRC. The Group's share of results of equity-accounted investees, which include GPI, recorded a loss of SGD 46.0 million in the first half ended 30 June 2025 ("1H 2025"). A loss ranging from SGD 220.0 million to SGD 240.0 million is expected to be recorded for the full year ended 31 December 2025; and (ii) an impairment loss which is expected to be recognised for the Group's investment in GPI, subject to the finalisation of impairment assessment. (ii) an impairment loss which is expected to be recognised for the Group's investment in GPI,subject to the finalisation of impairment assessment. Annonce • Dec 17
OUE Limited (SGX:LJ3) entered into a share purchase agreement to acquire an additional 19.32% stake in OUE Healthcare Limited (Catalist:5WA) from Browny Healthcare Pte Ltd for SGD 20.7 million. OUE Limited (SGX:LJ3) entered into a share purchase agreement to acquire an additional 19.32% stake in OUE Healthcare Limited (Catalist:5WA) from Browny Healthcare Pte Ltd. for SGD 20.7 million on December 16, 2025. Following Closing, OUE Limited will hold 3,984,729,000 shares in the Company, representing approximately 89.68% of the Company's total issued share capital, and BHPL will no longer hold any shares in the Company. The Consideration shall be fully funded by the Company's internal resources. The Transaction has no material impact on the consolidated EPS of the Group.
The Transaction is expected to complete on December 24, 2025 or such other date as may be agreed between the parties in writing. Annonce • Mar 01
OUE Limited, Annual General Meeting, Apr 23, 2025 OUE Limited, Annual General Meeting, Apr 23, 2025. Upcoming Dividend • Sep 05
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 10 September 2024. Payment date: 26 September 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.5%). Declared Dividend • Aug 15
First half dividend of S$0.01 announced Shareholders will receive a dividend of S$0.01. Ex-date: 10th September 2024 Payment date: 26th September 2024 Dividend yield will be 4.6%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (6% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Annonce • Jul 20
OUE Limited to Report First Half, 2024 Results on Aug 14, 2024 OUE Limited announced that they will report first half, 2024 results on Aug 14, 2024 Annonce • Apr 04
OUE Limited, Annual General Meeting, Apr 26, 2024 OUE Limited, Annual General Meeting, Apr 26, 2024, at 14:00 Singapore Standard Time. Location: Hilton Singapore Orchard (333 Orchard Road, Singapore 238867), Grand Ballroom, Level 6, Orchard Wing, Singapore Singapore Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements for the year ended December 31, 2023 and the Auditor's Report thereon; to declare a tax exempt (one-tier) final dividend of 1 cent per ordinary share and a tax exempt (one-tier) special dividend of 2 cents per ordinary share for the year ended December 31, 2023; to consider and approve Directors' Fees of S$588,750 for the year ended 31 December 2023 (2022: S$588,750); to re-elect the following Directors retiring pursuant to Article 95 of the Company's Constitution and who being eligible, offer themselves for re-election; and to consider other matters. New Risk • Mar 05
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (24% net profit margin). Declared Dividend • Mar 03
Final dividend of S$0.03 announced Shareholders will receive a dividend of S$0.03. Ex-date: 8th May 2024 Payment date: 24th May 2024 Dividend yield will be 5.2%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. New Risk • Feb 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (24% net profit margin). Upcoming Dividend • Sep 06
Upcoming dividend of S$0.01 per share at 2.5% yield Eligible shareholders must have bought the stock before 13 September 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.6%). New Risk • Aug 08
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 24% Last year net profit margin: 40% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (24% net profit margin). Upcoming Dividend • May 09
Upcoming dividend of S$0.015 per share at 2.6% yield Eligible shareholders must have bought the stock before 16 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.9%). Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: S$0.22 (vs S$0.092 in FY 2021) Full year 2022 results: EPS: S$0.22 (up from S$0.092 in FY 2021). Revenue: S$491.1m (up 63% from FY 2021). Net income: S$192.0m (up 137% from FY 2021). Profit margin: 39% (up from 27% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 07
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 29 September 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.1%). Annonce • Aug 12
OUE Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022 OUE Limited provided earnings guidance for the six months ended 30 June 2022. For the period, the company record a share of profit of not less than HKD 250 million for the Period, as compared to a share of profit of approximately HKD 170 million for the six months ended 30 June 2021. Reported Earnings • Aug 11
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down S$30.1m from profit in 1H 2021). Profit margin: (down from 20% in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annonce • Aug 11
OUE Limited Announces Interim Tax-Exempt Dividend for the Half Year Ended June 30, 2022, Payable on September 29, 2022 The Board of Directors of OUE Limited has approved an interim tax-exempt dividend of 1.0 Singapore cent per share, payable on September 29, 2022. The Share Transfer Books and the Register of Members of the Company will be closed on 16 September 2022, for the preparation of dividend warrants. Duly completed transfers received by the Company's Share Registrar, M & C Services Private Limited, 112 Robinson Road #05-01, Singapore 068902 up to the close of business at 5.00 p.m. on 15 September 2022 will be registered to determine shareholders' entitlements to the proposed final dividend. Upcoming Dividend • May 02
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 09 May 2022. Payment date: 26 May 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.1%). Lower than average of industry peers (4.0%). Reported Earnings • Apr 08
Full year 2021 earnings released: EPS: S$0.092 (vs S$0.38 loss in FY 2020) Full year 2021 results: EPS: S$0.092 (up from S$0.38 loss in FY 2020). Revenue: S$300.8m (down 43% from FY 2020). Net income: S$80.9m (up S$424.3m from FY 2020). Profit margin: 27% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Annonce • Apr 06
OUE Limited, Annual General Meeting, Apr 28, 2022 OUE Limited, Annual General Meeting, Apr 28, 2022, at 14:00 Singapore Standard Time. Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements for the year ended 31 December 2021 and the Auditors' Report thereon; to consider and declare a tax exempt (one-tier) final dividend of 1 cent per ordinary share for the year ended 31 December 2021; to consider and approve Directors' Fees of SGD 488,750 for the year ended 31 December 2021 (2020: SGD 488,750); to consider and re-elect the following Directors retiring pursuant to Article 91 of the Company's Constitution and who, being eligible, offer themselves for re-election: Dr. Stephen Riady and Mr. Christopher James Williams; to consider and re-elect the following Directors retiring pursuant to Article 97 of the Company's Constitution and who, being eligible, offer themselves for re-election: Dr. Lim Boh Soon and Ms. Goh Min Yen; to consider and re-appoint KPMG LLP as the Auditors of the Company and to authorise the Directors to fix their remuneration; and to consider other matter also. Reported Earnings • Mar 01
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: S$0.092 (up from S$0.38 loss in FY 2020). Revenue: S$300.8m (down 43% from FY 2020). Net income: S$80.9m (up S$424.3m from FY 2020). Profit margin: 27% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 01
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 23 September 2021. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (2.9%). Reported Earnings • Aug 05
First half 2021 earnings released: EPS S$0.034 (vs S$0.23 loss in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: S$152.0m (down 50% from 1H 2020). Net income: S$30.1m (up S$237.2m from 1H 2020). Profit margin: 20% (up from net loss in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Annonce • May 06
Auric Digital Retail Pte. Ltd (ADRPL) entered into a sale and purchase agreement to acquire a 10.12% stake in PT Matahari Department Store Tbk (IDX:LPPF) from OUE Limited (SGX:LJ3), Stephen Riady and Andy Adhiwana for SGD 37.2 million. Auric Digital Retail Pte. Ltd (ADRPL) entered into a sale and purchase agreement to acquire a 10.12% stake in PT Matahari Department Store Tbk (IDX:LPPF) from OUE Limited (SGX:LJ3), Stephen Riady and Andy Adhiwana for SGD 37.2 million on May 5, 2021. Under the transaction, ADRPL will acquire approximately 265.8 million shares in PT Matahari Department Store Tbk at a price of SGD 0.14 per share. OUE Limited will sell 4.8% stake for SGD 19.9 million and Stephen Riady and Andy Adhiwana will sell 5.32% stake for SGD 17.9 million. In a related transaction, Auric Digital Retail Pte. Ltd announced a voluntary tender offer to acquire 40% stake in PT Matahari Department Store Tbk for SGD 148.3 million on May 5, 2021. Post completion of the transactions, ADRPL will hold 50.12% stake in PT Matahari Department Store Tbk. The payment of the consideration shall be satisfied by setting off against the relevant amount(s) payable by each of Auric Bespoke I Pte. and OUE Retail Holdings pursuant to a drawdown by ADRPL under the Shareholders’ Funding Agreement. Completion of the Acquisition is conditional upon the statement to be submitted to the Financial Services Authority of Indonesia (Otoritas Jasa Keuangan) (OJK) in connection with the voluntary tender offer becoming effective pursuant to OJK Regulation No. 54 and the expiry of the period when the existing shareholders of PT Matahari Department Store Tbk may tender their shares to ADRPL in connection with the tender offer. Upcoming Dividend • May 04
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 11 May 2021. Payment date: 28 May 2021. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (3.1%). Reported Earnings • Apr 09
Full year 2020 earnings released: S$0.38 loss per share (vs S$0.28 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: S$530.5m (down 43% from FY 2019). Net loss: S$343.4m (down 235% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 25
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: S$530.5m (down 43% from FY 2019). Net loss: S$343.4m (down 235% from profit in FY 2019). Is New 90 Day High Low • Feb 19
New 90-day low: €0.69 The company is down 4.0% from its price of €0.71 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 1.0% over the same period. Annonce • Feb 18
OUE Limited to Report Fiscal Year 2020 Results on Feb 24, 2021 OUE Limited announced that they will report fiscal year 2020 results on Feb 24, 2021 Annonce • Aug 06
TCB Asset Sdn Bhd acquired the remaining 30% stake in TCB OUE Sdn Bhd from OUE Limited (SGX:LJ3) for MYR 60 million. TCB Asset Sdn Bhd acquired the remaining 30% stake in TCB OUE Sdn Bhd from OUE Limited (SGX:LJ3) for MYR 60 million on June 30, 2020. TCB Asset Sdn Bhd purchased 60 million shares of TCB OUE Sdn Bhd for MYR 1 each share, paid in cash. In 2019, TCB OUE Sdn Bhd reported net assets of 0.
TCB Asset Sdn Bhd completed the acquisition of the remaining 30% stake in TCB OUE Sdn Bhd from OUE Limited (SGX:LJ3) on June 30, 2020. 
