Singapore Stock Market News

Mapletree Commercial Trust - Growth engine sputters

StockFanatic
Publish date: Fri, 29 Nov 2013, 02:09 PM
StockFanatic
0 10,453
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
MCT's portfolio growth continues to be underpinned by positive rental reversions in VivoCity. However, as the current market sentiment is not conducive for major AEIs and M&A, we expect MCT's mid-term growth to be limited to organic growth only.

With the recent c.4% correction in share price, coupled with i) a resilient portfolio, ii) only 1.6% of retail leases up for renewal in FY14 and 16% in FY15, and iii) a high portfolio occupancy rate of 98.9%, we have upgraded Mapletree Commercial Trust (MCT) to a Neutral rating. We maintain our DDM-based (discount rate: 7.9%) target price of S$1.28.
Read more »
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment