Thursday, May 7, 2015

Mapletree Greater China Commercial gets 'add' call, $1.18 target from CIMB

Stock Name: Mapletree GCC Tr
Company Name: MAPLETREE GREATER CHINACOMM TR
Research House: CIMBPrice Call: BUYTarget Price: 1.18



SINGAPORE (May 7): CIMB has started coverage on Mapletree Greater China Commercial Trust with an "add" call and a price target of $1.18.

The REIT's two properties - Festival Walk in Hong Kong and Gateway Plaza in Beijing - are "iconic" in their respective markets, supported by "excellent" connectivity and large catchment areas that provide resilient shopper patronage and consistent demand for its office space, according to CIMB analyst Lock Mun Yee.

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