Mapletree North Asia Commercial Trust - CGS-CIMB Research 2022-01-28: Some Improvement In Outlook

Mapletree North Asia Commercial Trust - Some Improvement In Outlook

MAPLETREE NORTH ASIA COMM TR (SGX:RW0U) | SGinvestors.ioMAPLETREE 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 ADD MAINTAIN ADD 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,
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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