MGCCT

MGCCT: Results were in line with StanChart's estimates, beating prospectus forecasts by 8%. StanChart remain positive on retail REITs and continue to see MGCCT as one of the best proxies to Hong Kong retail property and sales. House raise its FY13-17 DPU estimates by 4% on average, upgrading MGCCT to IN-LINE with TP of $0.94.