Festival Walk

SINGAPORE (Dec 5): Mapletree North Asia Commercial Trust’s (MNACT) Festival Walk shopping mall is expected to remain shuttered until the first quarter of next year after incurring “extensive damage” in mid-November amid escalating violence in the Ho

SINGAPORE (Nov 20): More than a week after violence from escalating unrest in Hong Kong spilled into Festival Walk shopping centre, the Kowloon Tong mall remains closed “until further notice”.

Despite a significant fall in the REIT’s stock price after the incident, OCBC Research Team analysts remain sanguine on the REIT at large, citing sufficient insurance coverage to mitigate the damages caused.  In particular, they have identified two

The Festival Walk shopping mall in Hong Kong is MNACT’s key asset. In the latest 2Q20, the mall accounted for some 62% of the REIT’s total net property income. The mall had been forced to close early on three consecutive days before today, after al

SINGAPORE (Apr 27): OCBC and CIMB are reiterating their “buy” and “add” recommendations on Mapletree Greater China Commercial Trust (MGCCT) with a fair value and target price of $1.42 and $1.30, respectively.

SINGAPORE (Oct 31): OCBC Investment Research is keeping its “buy” recommendation for Mapletree Greater China Commercial Trust but lowering its fair value estimate to $1.15, from $1.18 previously.

SINGAPORE (Oct 27): Mapletree Greater China Commercial Trust (MGCCT) has announced a Distribution Per Unit (DPU) of 3.61 cents for the 1H ended Sept, 3.2% higher than a year ago.

SINGAPORE (Sept 6): OCBC Investment Research is keeping its “buy” call on Mapletree Greater China Commercial Trust (MGCCT) with a fair value estimate of $1.18.

SINGAPORE (Aug 2): DBS Vickers Securities is maintaining its “buy” call on Mapletree Greater China Commercial Trust (MAGIC) despite headwinds from Hong Kong’s slowing retail market.