Mapletree North Asia Commercial Trust
Price target:
CGS-CIMB “add” $1.13

MNACT settles with insurers over Festival Walk damage

Mapletree North Asia Commercial Trust (MNACT) has entered into a settlement agreement with its insurers for Festival Walk mall in Hong Kong’s Kowloon Tong. As such, CGS-CIMB Research analysts Lock Mun Yee and Eing Kar Mei have kept “add” with a slightly higher target price of $1.13, from $1.12.

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