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Mapletree Commercial Trust 'placed for recovery', stronger 2HFY22 anticipated: Maybank Kim Eng

Atiqah Mokhtar
Atiqah Mokhtar11/3/2021 5:58 PM GMT+08  • 2 min read
Mapletree Commercial Trust 'placed for recovery', stronger 2HFY22 anticipated: Maybank Kim Eng
Maybank Kim Eng anticipates a better 2HFY22 underpinned by rising office demand and added traction from VivoCity's recovery.
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Maybank Kim Eng’s Chua Su Tye remains sanguine on Mapletree Commercial Trust (MCT) following its 1HFY2022 ended September results announcement on Oct 27.


See: Mapletree Commercial Trust reports DPU of 4.39 cents, up 5.3% y-o-y

Chua has kept his “buy” rating for the counter with an unchanged target price of $2.35. “The results were in line to consensus’ and our estimates, and with 1H22 revenue/NPI/DPU at 47% of our FY2022, we have kept our forecasts unchanged,” he remarks in a Oct 28 research note.

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