Stock Name: Mapletree GCC Tr
Company Name: MAPLETREE GREATER CHINACOMM TR
Company Name: MAPLETREE GREATER CHINACOMM TR
| Research House: OCBC | Price Call: HOLD | Target Price: 1.01 |
SINGAPORE (Jan 28): OCBC Investment Research has downgraded Mapletree Greater China Commercial Trust (MGCCT) to "hold" from "buy", citing limited upside to its $1.01 price target.
Even so, MGCCT's fundamentals remain resilient, according to OCBC analyst Andy Wong.
The REIT's overall occupancy rate as at Dec 31 was "a healthy" 99.4%, while tenants' sales at its Festival Walk property rose 5.1% y-o-y in the December quarter.
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