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Broker's take: Citi downgrades Mapletree Commercial Trust to 'neutral'

Friday, April 24, 2015 - 09:30

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Citi Research has downgraded Mapletree Commercial Trust, which owns Vivocity mall along with some office properties, to "neutral", though it raised its target price from S$1.43 to S$1.63.

CITI Research has downgraded Mapletree Commercial Trust, which owns Vivocity mall along with some office properties, to "neutral", though it raised its target price from S$1.43 to S$1.63.

It cited flattening tenant sales and concerns with the office market, in an April 23 report.

Mapletree Commercial Trust fell 1.5 cents to S$1.59 at 9.19am on Friday morning.

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