Brokers' take

Mapletree Greater China Commercial Trust | Buy Target price: S$1.11 Jan 31 price: S$0.955 DBS Group Research, Jan 31

WHILE MAGIC faces the challenge of a stronger Singapore dollar and higher property taxes at Gateway Plaza, we believe these factors are only speed humps in the near term.

As MAGIC cycles through these headwinds over the next few quarters, the strength of core asset Festival Walk (about 70 per cent of net property income (NP…