Mapletree North Asia Commercial Trust - Some Improvement In Outlook
MAPLETREE NORTH ASIA COMM TR (SGX:RW0U)
- Mapletree North Asia Commercial Trust (SGX:RW0U)'s 3QFY22 (Oct 2021 to Dec 2021) & 9MFY22 (Apr 2021 to Dec 2021) gross revenue was slightly ahead of our estimates, at 28.2% & 82.3% of our FY22F forecast.
- Festival Walk delivered a robust showing but the outlook for Gateway Plaza is likely to remain challenging. Slower recovery expected in China office sector.
- We leave our FY22-24F DPU estimates for Mapletree North Asia Commercial Trust unchanged and maintain our DDM-based target price at 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 2022-01-28
SGX Stock
Analyst Report
1.130
SAME
1.130
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,
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