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Home Mapletree North Asia Commercial Trust (MNACT)
Broker's Calls
Double whammy from interest and utilities, CGS-CIMB keeps 'hold' on MPACT with lower TP of $1.76
The analysts expect Festival Walk's negative reversion trend to continue for FY2024.
August 03, 2023
Broker's Calls
Maybank downgrades MPACT to 'hold' with lower TP of $1.65
With the merger comes along execution and foreign exchange (forex) risk, says analyst Krishna Guha.
February 20, 2023
Results
MPACT reports 3QFY2023 DPU of 2.42 cents, unchanged from previous year
Although gross revenue was boosted by full quarter contribution from its merger properties, DPU was dampened by higher costs.
January 31, 2023
Broker's Calls
MPACT delivering accretion from merger with MNACT, UOBKH maintains 'buy'
The analyst has trimmed his DPU forecast by 3% for FY2023 and 3.5% for FY2024 to account for higher cost of debts.
November 09, 2022
Results
MPACT reports 1HFY2023 DPU of 4.94 cents, 12.5% higher y-o-y
The REIT manager announced that distributions to its unitholders will be on a quarterly basis from the 3QFY2022/2023 onwards.
October 27, 2022
Broker's Calls
CGS-CIMB keeps 'add' on MPACT on undemanding valuations
The analysts have raised their FY2023-2025 DPU estimates to factor in contributions from MNACT.
October 03, 2022
Results
MNACT reports 4.1% higher NPI in 1QFY2022/2023
The higher NPI was largely driven by the full-quarter contribution from Hewlett-Packard Japan Headquarters Building (HPB).
July 21, 2022
Broker's Calls
UOB Kay Hian lowers MCT's TP to $2.24 on imminent merger with MNACT
UOB Kay Hian analyst Jonathan Koh called the preferential offering a "mere formality".
July 19, 2022
REITs
MCT's preferential offering to open on July 12
Unitholders will have till July 20, at 5.30 pm, to accept, apply and pay for the units under the preferential offering.
July 12, 2022
New appointments
Ex-OCBC CEO Tsien joins MCT's board
Prior to OCBC, Tsien had extensive experience holding other senior positions with banks in Hong Kong and US.
July 05, 2022