For Maybank’s Guha, MPACT reported 2QFY2024 DPU of 2.24 cents, an 2.8% increase q-o-q but 8.2% decline y-o-y. Its 1HFY2023/2024 DPU of 4.42 cents fell 10.2% y-o-y and was 47.5% his FY2024 estimates.
Analysts are mixed on Mapletree Pan Asia Commercial Trust (SGX:N2IU
) (MPACT) following the REIT’s 1HFY2023/2024 ended Sept 30 results, which saw a 10.5% lower y-o-y distribution per unit (DPU) of 4.42 cents.
Maybank Securities’ Krishna Guha has downgraded his call to “hold”, with a lower target price by 26% to $1.25 from $1.70 previously. CGS-CIMB Research's Natalie Ong and Lock Mun Yee, on the other hand, have upgraded their call to “add” from “hold”, with a lower target price of $1.54 from $1.76 previously. DBS Group Research analysts Rachel Tan and Derek Tan have maintained their “buy” call with an unchanged target price of $2.
