Mapletree Commercial Trust: CS initiates at O/P with $1.05 TP. Tip REIT as a Proxy to Asia's favourite playground and leveraged to the strong Sentosa arrivals (driven by the IR), as VivoCity is seen as the gateway to Sentosa. Expect strong rent reversions at VivoCity as it is in its first renewal cycle. Add that REIT also a proxy to office sector, given the 91% correlation between fringe and central rents…..
B0bbyLu: …..At current price, grp trades at 6.3% FY12E yield, and likely to benefit from positive developments, which should drive DPU growth of 11.5% in FY12E and 7.1% in FY13E.
Recommend that investors switch from Suntec to MCT.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment