Mapletree Commercial Trust
CGS-CIMB “add” $2.18
Bank of Singapore “buy” $2.04
UOB Kay Hian “buy” $2.48
MCT’s prospects still attractive after MNACT’s all-cash option
Analysts from CGS-CIMB Research and the Bank of Singapore (BoS) are remaining positive on Mapletree Commercial Trust (MCT) following the introduction of an all-cash option offered to Mapletree North Asia Commercial Trust (MN-ACT) unit holders.
On March 21, the REIT managers of both MCT and MNACT announced the revision of their existing trust scheme agreement with the addition of a third option — a 100% cash consideration at $1.1949 per MNACT unit. Moving forward, this option will also be the default option.