Home Capital Broker's Calls

Analysts peg MCT's TP at $2.20 and above as the REIT heads for recovery

Felicia Tan
Felicia Tan5/1/2021 7:59 PM GMT+08  • 5 min read
Analysts peg MCT's TP at $2.20 and above as the REIT heads for recovery
Units in MCT closed 1 cent higher or 0.5% up at $2.19 on April 30.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Analysts are mixed on Mapletree Commercial Trust (MCT) with CGS-CIMB Research and OCBC Investment Research (OIR) maintaining “hold” calls on the REIT and DBS Group Research as well as Maybank Kim Eng keeping "buy" on the REIT.

CGS-CIMB Research has given a target price estimate of $2.32 from $2.26 previously, while OCBC has increased its fair value estimate to $2.20 from $2.18. DBS, on the other hand, has maintained its target price estimate of $2.25. Maybank Kim Eng has upped its target price on the REIT to $2.35 from $2.30 previously.

MCT, on April 27, reported distribution per unit (DPU) of 9.49 cents for the FY2020/2021 ended March, 18.6% higher than DPU of 8.00 cents the year before.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.