- We believe this is an opportune time to ride on the potential upside of Mapletree Pan Asia Commercial Trust (MPACT, SGX:N2IU)’s portfolio optimization and recovery post the merger when valuation is still attractive.
Strong recovery post reopening in MPACT's key markets (Singapore, Hong Kong, China).
Singapore recovery has surpassed pre-COVID and expect more to come as tourism returns to normal.
- - Read this at SGinvestors.io -
- According to our observations and on-the-ground research, we understand that most retailers believe the strong tenant sales that we have seen recently, could be sustainable. With the recovery of tenant sales, VivoCity’s NPI in 1Q23 has also surpassed that of pre-COVID levels at ~110%.
- - Read this at SGinvestors.io -
Hong Kong recovery next in line.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Rachel TAN DBS Group Research | Derek TAN DBS Research | https://www.dbs.com/insightsdirect/ 2022-09-14
Read also DBS's most recent report:
2023-10-27 Mapletree Pan Asia Commercial Trust - Anchored By Strong Singapore.
Previous report by DBS:
2022-10-31 Mapletree Pan Asia Commercial Trust - Awaiting More To Come.
Price targets by 4 other brokers at Mapletree Pan Asia Commercial Trust Target Prices.
Listing of research reports at Mapletree Pan Asia Commercial Trust Analyst Reports.
Relevant links:
Mapletree Pan Asia Commercial Trust Share Price History,
Mapletree Pan Asia Commercial Trust Announcements,
Mapletree Pan Asia Commercial Trust Dividends & Corporate Actions,
Mapletree Pan Asia Commercial Trust News Articles
