In his Feb 10 report, the analyst notes that the merged entity, which was formerly Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) has the “scale and diversity” as well as “potential growth opportunities from capital recycling”.
Maybank Securities Krishna Guha, who is taking over coverage of Mapletree Pan Asia Commercial Trust (MPACT) (SGX:N2IU
) for the brokerage, has downgraded his call to “hold” from “buy” previously.
Guha has also lowered his target price to $1.65 from $2.25 before.
