CGS-CIMB Research analysts Lock Mun Yee and Natalie Ong have kept their “add” rating on Mapletree Pan Asia Commercial Trust (MPACT) as they see the REIT’s growing pains as being alleviated by the merger between Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT)....

At the panel discussion titled Risks and Opportunities for S-REITs Going Overseas held on Sept 26, Ronald Tan, senior vice-president, equity global market, global sales & origination, Singapore Exchange (SGX), in the opening address said he was asked why the exchange continues to promote oversea...

The manager of Mapletree Pan Asia Commercial Trust (MPACT), on Sept 27, announced the establishment of a $5 billion Euro medium term securities programme.The programme was established along with the REIT’s trustee, DBS Trustee, MPACT Treasury Company Pte. Ltd. (MPACT TCo), Mapletree North Asia Com...

Lippo Malls Indonesia Retail Trust has been removed as one of the constituents from the FTSE Group’s Benchmark Index during its review in September. The trust was previously in 18th place out of the 29 constituents during the June review.The Benchmark Index is relevant to the determination of the ...

The business model of Mapletree Investments (MIPL) combines the roles of real estate development, investment, capital and property management. As at end March 2022, MIPL owns and manages $78.7 billion of office, retail, logistics, industrial, data centre, residential and lodging properties across 13...

Much has been said about the prospects of going overseas, less about its challenges. The challenges of going overseas were recently highlighted in the proposed privatisation of Frasers Hospitality Trust by a unit of its sponsor, Frasers Property (FPL).FHT’s manager cites three reasons for privatis...

UOB Kay Hian analyst Jonathan Koh has maintained his “buy” call for Mapletree Pan Asia Commercial Trust (MPACT) with a target price (TP) of $2.22.In his report dated Sept 6, Koh noted that the merger between Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) was e...

MORNINGSTAR Equity Research has initiated coverage on Mapletree Pan Asia Commercial Trust (MPACT) with a fair value estimate of S$1.82 and a no-moat rating. It believes the trust is “fairly valued” at current prices and has priced in near-term growth driven by the merger with Mapletree N...

Mapletree Commercial Trust (MCT) is on its way to recovery, say analysts from OCBC Investment Research, CGS-CIMB Research and Citi Research. Each of them have maintained their calls of “hold”, “add” and “neutral” respectively.OCBC analysts, who reduced their target price (TP) for the REI...

The manager of Mapletree Commercial Trust (MCT) has posted gross revenue of $135.0 million for the 1QFY2022/2023, 8.8% higher than gross revenue of $124.1 million in the same period the year before.During the quarter, property expenses increased by 4.0% y-o-y to $28.3 million.Net property income (NP...

The manager of Mapletree North Asia Commercial Trust (MNACT) has reported a net property income (NPI) of $81.5 million for the 1QFY2022/2023 ended June, 4.1% higher than the NPI of $78.3 million in the corresponding year before.Gross revenue for the quarter increased by 1.6% y-o-y to $104.7 million....

MALL and office landlord Mapletree North Asia Commercial Trust (MNACT) on Thursday (Jul 21) said its net property income (NPI) for the first fiscal quarter ended June came in at S$81.5 million, up 4.1 per cent from the corresponding quarter last year. 

UOB Kay Hian analyst Jonathan Koh has kept his “buy” call on Mapletree Commercial Trust (MCT) with a lower target price of $2.24 from $2.36 previously."The lower target price reflects the transition from a pure play for Singapore to a geographically diversified mix of real estate, comprising bot...

The manager of Mapletree Commercial Trust (MCT) has announced that its preferential offering will commence at 9 am on July 12.Unitholders will have till July 20, at 5.30 pm, to accept, apply and pay for the units under the preferential offering.The units will begin trading at 9 am on July 28.The pre...

Mapletree Commercial Trust has appointed former OCBC group CEO Samuel Tsien (picture) as a non-executive director.Tsien, is already a non-executive of Mapletree Investments, MCT’s sponsor. He is also on the board of Jardine Cycle & Carriage and the Singapore Exchange.Prior to OCBC, Tsien had e...