MapleTree Commercial Trust

[John.D Rockefeller]

Whoever rode the wave from 1.25 till now, "HUAT AHH!"

Going to visit Vivo this weekend to contribute my fair share as a mini shareholder!

http://www.straitstimes.com/news/business/companies/story/mapletree-commercial-trusts-q1-dpu-rises-112-195-cents-20140724

 

[Dividends Warrior]

Huat indeed!!!

 

[BeHappyLo]

Mapletree Commercial Trust started at 'sell' on rental reversions slowdown

By:
PC Lee
02/01/18, 11:12 am
SINGAPORE (Jan 2): Maybank KimEng is starting coverage of Mapletree Commercial Trust (MCT), the best performing REIT in 2017, with a "sell" and $1.45 target price given DPU downside risk.

Maybank says MCT has delivered an average 23% six-year rental reversions at VivoCity, S’pore’s largest mall, and 4.9% DPU CAGR from FY12-17 following its Mapletree Business City 1 (MBC1) acquisition in 2016.

However, Maybank believes these are reflected in its valuations, now at 5.8% yield.

Advertisement

Looking ahead, Maybank believes the market will need to price in a slowdown in rental reversions across its portfolio and expects MCT’s share price to lag its retail peers.

"We find the shares overvalued and initiate with "sell" and DDM-based target price of $1.45," says analyst Chua Su Tye in a Monday report.

I have a big portfolio of this……….now tracking for correction so as to accumulate more.

Source: The Edge.

 

[Maeda_Toshiie]

Wrong section la. SSI is the other way.