MCT

MCT: Jefferies maintains Buy, TP $1.28, keeps as top pick in sector. Notes favourable risk-reward at current levels. Says risk of a potential decline in the share price as 10-yr Singapore treasury yields go to 3% (from current 2.6%) offset by potential reward in the form of MCT's highest dividend growth among REITs, favourable consensus trend and reasonable valuation relative to its own history and other REITs.