Stock Name: MapletreeCom
Company Name: MAPLETREE COMMERCIAL TRUST
The trust could also see growth through acquisitions as it has rights of first refusal from its sponsor Mapletree Investments’ office and retail assets.
Company Name: MAPLETREE COMMERCIAL TRUST
| Research House: CIMB | Price Call: BUY | Target Price: 1.08 |
CIMB Research has initiated coverage of Mapletree Commercial Trust (MACT.SI), which owns three commercial properties in Singapore, at outperform with a target price of $1.08.
CIMB said it expects Mapletree Commercial’s organic growth to be fuelled by room for higher rental income as it has significant proportion of leases expiring in 2012 to 2013.
CIMB said it expects Mapletree Commercial’s organic growth to be fuelled by room for higher rental income as it has significant proportion of leases expiring in 2012 to 2013.
The trust could also see growth through acquisitions as it has rights of first refusal from its sponsor Mapletree Investments’ office and retail assets.
Mapletree Commercial has an initial portfolio of three assets worth $2.8 billion, including Singapore’s largest shopping mall VivoCity.
At 9:21 a.m., shares of Mapletree Commercial were 1.1% higher at $0.885. They have gained 1.1% since their market debut on April 27.
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