Broker's take: Citi downgrades Mapletree Commercial Trust to 'neutral'
Published Fri, Apr 24, 2015 · 01:30 AM
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Asia: Markets build on Wall Street rally, yen holds bounce
Singapore shares open in the red on Tuesday; STI down 0.3%
Stocks to watch: Wilmar, MLT, FEHT, CDLHT, Starhill Global Reit, IReit Global
Europe: Stocks eke out gains after German inflation data; Deutsche Bank drops
US: Stocks end higher, extending rally
Yen surges against US dollar on suspected intervention