In their May 1 note, CGS-CIMB analysts Natalie Ong and Lock Mun Yee say that MPACT’s core assets, namely, VivoCity and Mapletree Business City in Singapore, are “pulling their weight”, with revenue growth of 19.8% and 4.4% y-o-y respectively for FY2023.
Analysts from Maybank Securities and CGS-CIMB have gone the opposite way in their call on Mapletree Pan Asia Commercial Trust.
Following the REIT's 4QFY2023 earnings, CGS-CIMB has downgraded the stock from "add" to "hold", while Maybank has upgraded its call from "hold" to "buy" - but they've both arrived at the same target price: $1.90.
