Mapletree Pan Asia Commercial Trust - Maybank Research 2023-05-02: Negatives Priced In; Upgrade To BUY

Mapletree Pan Asia Commercial Trust - Negatives Priced In; Upgrade To BUY

Published:
Mapletree Pan Asia Commercial Trust (SGX:N2IU) | SGinvestors.ioMapletree Pan Asia Commercial Trust (SGX:N2IU)
  • Mapletree Pan Asia Commercial Trust (SGX:N2IU) reported 4Q DPU of S$0.0225; flat y-o-y on an adjusted basis, -7% q-o-q. Occupancy was down about a single percentage point while reversion slowed y-o-y. Funding cost rose both on the year and sequentially, and is expected to rise further.
  • - Read this at SGinvestors.io -

Growth led by merger

  • - Read this at SGinvestors.io -
  • All in, distributable income rose 58%, excluding the impact of release of retained cash a year ago. DPU was flat on a comparable basis as higher income was offset by expanded base of units.

Mixed operating trend

  • Read more at SGinvestors.io.




Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.




Krishna Guha Maybank Research | https://www.maybank-ke.com.sg/ 2023-05-02



Read also Maybank's most recent report:
2024-06-03 Mapletree Pan Asia Commercial Trust - Divesting Singapore Office To De-gear.

Previous report by Maybank:
2024-04-24 Mapletree Pan Asia Commercial Trust - Stabilizing Distribution Despite Higher Funding Cost.

Price targets by 3 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





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