Mapletree Commercial Trust - CIMB Research 2015-10-21: Better operating performance
MAPLETREE COMMERCIAL TRUST N2UY.SI Mapletree Commercial Trust - Better operating performance
- 2QFY16 performance lifted by higher revenue and lower operating expenses.
- Portfolio occupancy rose in 2Q, and could to pick up further in 2H on higher committed take-up.
- Recovery of shopper traffic and tenant sales growth in Vivocity.
- Outlook remains stable, with 25.9% of leases to be renewed in 2HFY16-FY17.
- Maintain Hold with a lower DDM-based target price of S$1.44.
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