Home Capital Broker's Calls

UOB Kay Hian lowers MCT's TP to $2.24 on imminent merger with MNACT

Felicia Tan
Felicia Tan7/19/2022 05:47 PM GMT+08  • 3 min read
UOB Kay Hian lowers MCT's TP to $2.24 on imminent merger with MNACT
MCT's Vivo City. Photo: MCT
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.

UOB Kay Hian analyst Jonathan Koh has kept his “buy” call on Mapletree Commercial Trust (MCT) with a lower target price of $2.24 from $2.36 previously.

"The lower target price reflects the transition from a pure play for Singapore to a geographically diversified mix of real estate, comprising both developed and developing countries," says Koh.

The new target price represents REIT’s lowered terminal growth to 2.2% from 2.6%. Its cost of equity was raised to 7.0% from 6.75% previously.

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.