Thursday, 22 October 2015

Mapletree Commercial Trust - Maybank Kim Eng 2015-10-21: Helped by haze and holidays

Mapletree Commercial Trust - Maybank Kim Eng 2015-10-21: Helped by haze and holidaysMAPLETREE COMMERCIAL TRUST N2UY.SI 

Mapletree Commercial Trust - Helped by haze and holidays 

  • 2Q results in-line. Revenue subdued, cost savings drive NPI. 
  • Improved operating metrics largely due to haze and holidays. 
  • Maintain SELL with unchanged TP. Continue to least prefer retail SREITs due to over supply and demand headwinds. 
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