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Companies & Markets

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

Published Fri, Apr 24, 2015 · 01:30 AM
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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.

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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