Tuesday, May 31, 2011
Mapletree Commercial Trust
Mapletree Commercial Trust: CIMB initiates Coverage with $1.08 TP. Note that REIT offers one of the strongest organic and acquisition growth potential in house coverage. And strong Sponsor, Mapletree Investments and a ROFR to Sponsor’s office, retail and business space assets offers acquisition growth opportunities. See catalysts from higher-than-expected rental growth and accretive acquisitions.