Wednesday, March 30, 2016

Mapletree Greater China Commercial Trust

Mapletree Greater China Commercial Trust: Insurance fund AIA emerged as a substantial shareholder following the purchase of 2.3m units at $0.963 apiece on 29 Mar, lifting its stake from 4,98% to 5.06%.
- Fundamentals for Mapletree Greater China Commercial Trust (MGCCT) remains solid, reflected in its latest quarter of double-digit growth, achieved on strong upward rental reversions at Festival Walk in Hong Kong and Gateway Plaza in Beijing.
- MGCCT's valuations are inexpensive, currently offering 7.6% annualised 3QFY16 yield and 0.8x P/B.
- The counter is a constituent of the Market Insight yield portfolio.

No comments:

Post a Comment