Mapletree North Asia Commercial Trust - CGS-CIMB Research 2021-11-24: Reaching An Agreement On Insurance Settlement

Mapletree North Asia Commercial Trust - Reaching An Agreement On Insurance Settlement

MAPLETREE NORTH ASIA COMM TR (SGX:RW0U) | SGinvestors.ioMAPLETREE NORTH ASIA COMM TR (SGX:RW0U)
  • Mapletree North Asia Commercial Trust announced that it has entered into a settlement agreement with the insurers on the claims for property damage and revenue loss due to business interruption at Festival Walk.
  • Total insurance settlement amount for Festival Walk agreed at HK$334.3m.
  • Excess S$3.5m insurance settlement amount from business interruption to be paid to unitholders.
  • Reiterate ADD rating on Mapletree North Asia Commercial Trust (SGX:RW0U) with a slightly higher DDM-based target price of S$1.13.




Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.




LOCK Mun Yee CGS-CIMB Research | EING Kar Mei CFA CGS-CIMB Research | https://www.cgs-cimb.com 2021-11-24
SGX Stock Analyst Report ADD MAINTAIN ADD 1.13 UP 1.120




Read also CGS-CIMB's most recent report:
2022-04-20 Mapletree North Asia Commercial Trust - All In The Price

Relevant links:
Mapletree North Asia Commercial Trust Analyst Report,
Mapletree North Asia Commercial Trust Target Price,

Mapletree North Asia Commercial Trust Share Price History,
Mapletree North Asia Commercial Trust Announcements,
Mapletree North Asia Commercial Trust Dividends/ Corp Actions,
Mapletree North Asia Commercial Trust News Articles





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