- We believe that Mapletree Pan Asia Commercial Trust's share price has found a bottom at current levels, especially after the impact of its removal from the MSCI Singapore Index has stabilised.
- - Read this at SGinvestors.io -
Higher for longer trend an overhang for higher geared REITs.
- The extended high interest rate environment has hurt S-REITs with high gearing levels, given their interest burden and less financial flexibility, which is a concern for investors vis-à-vis Mapletree Pan Asia Commercial Trust (MPACT, SGX:N2IU); its gearing levels of 40.5% as at Mar 24 stood at the upper end of its peer group.
- - Read this at SGinvestors.io -
Positive strategic moves not appreciated by market.
- 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/ 2024-06-28
Read also DBS's most recent report:
2024-10-25 Mapletree Pan Asia Commercial Trust - A Quarter To Forget.
Previous report by DBS:
2024-09-10 Mapletree Pan Asia Commercial Trust - Belle Of The Ball; Time To Shine.
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
