Mapletree Commercial Trust (MCT)

“Post 2Q20, we believe office net demand can start to recover when GDP bottoms and drive the re-rating of office REITs,” say DBS analysts Rachel Tan and Derek Tan.

As Singapore gradually reopens from its circuit breaker measures, DBS analyst Derek Tan and its Singapore research team believe that retail REITs are the “preferred” sector due to earlier-than-anticipated mall openings.

SINGAPORE (June 1): As Singapore begins to ease the circuit breaker (CB) measures starting with Phase 1 on June 2, several stocks and real estate investment trusts (REITs) could emerge as beneficiaries.

Frasers Centrepoint Trust (FCT), Mapletree Commercial Trust (MCT) and ESR REIT have retained 50%, 30% and 60% of their distributable income figures respectively in light of Covid-19 uncertainties.

The manager of Mapletree Commercial Trust (MCT) has reported distribution per unit (DPU) of 0.91 cents for 4QFY2019/20 ended March, a steep drop compared to DPU of 2.31 cents declared a year ago.

SINGAPORE (Dec 20): Good news for Singapore’s tourism sector — visitor numbers rose in 2019. According to statistics released by the Singapore Tourism Board (STB) on Oct 30, there were 9.3 million visitors in the first half of the year. This represent

(Dec 13): The Straits Times Index has staged a rebound during the week, and is now facing resistance at its flattening 200-day moving average at 3,224.

SINGAPORE (Oct 21): Although the ongoing trade war between the US and China has offered glimpses of optimism, the global economy remains largely fractured and shows signs of sinking deeper into the doldrums.