Following the completion of the merger, the analysts observe that the merger improves inorganic growth prospects through mandate expansion and enhanced financial flexibility.
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CGS-CIMB Research analysts Lock Mun Yee and Natalie Ong have kept their “add” rating on Mapletree Pan Asia Commercial Trust (MPACT) as they see the REIT’s growing pains as being alleviated by the merger between Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT).
The analysts have, however, lowered their target price to $2.11 from $2.18 previously.
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