Mapletree North Asia Commercial Trust's Unit Price Upside Looks Limited -- Market Talk

Dow Jones2022-04-25

0650 GMT - Mapletree North Asia Commercial Trust's unit price upside looks limited, even though the REIT has delivered solid earnings for its fiscal 2022, Citi analysts say in a research note. Citi notes that the Trust posted a "strong" 10% rise in net property income in the fiscal and remains confident on the growth momentum ahead, thanks to fast rebounding economic activities in Hong Kong as the city relaxes its pandemic curbs. However, Citi maintains a neutral rating, as its unit price has already reached the level of the offer price in an upcoming merger deal. The trust's manager in late 2021 had proposed to merge MNACT with another REIT, Mapletree Commercial Trust. (yifan.wang@wsj.com)

$(END)$ Dow Jones Newswires

April 25, 2022 02:50 ET (06:50 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2230114414?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-04-25 14:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2230114414","market":"us","top_or_hot":-1,"title":"Mapletree North Asia Commercial Trust's Unit Price Upside Looks Limited -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0650 GMT - Mapletree North Asia Commercial Trust's unit price upside looks limited, even though the REIT has delivered solid earnings for its fiscal 2022, Citi analysts say in a research note. Citi notes that the Trust posted a \"strong\" 10% rise in net property income in the fiscal and remains confident on the growth momentum ahead, thanks to fast rebounding economic activities in Hong Kong as the city relaxes its pandemic curbs. However, Citi maintains a neutral rating, as its unit price has already reached the level of the offer price in an upcoming merger deal. The trust's manager in late 2021 had proposed to merge MNACT with another REIT, Mapletree Commercial Trust. (yifan.wang@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  April 25, 2022 02:50 ET (06:50 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mapletree North Asia Commercial Trust's Unit Price Upside Looks Limited -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMapletree North Asia Commercial Trust's Unit Price Upside Looks Limited -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-25 14:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0650 GMT - Mapletree North Asia Commercial Trust's unit price upside looks limited, even though the REIT has delivered solid earnings for its fiscal 2022, Citi analysts say in a research note. Citi ...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4505","symbol_name":"高瓴资本持仓","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2230114414","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2230114414","pubTimestamp":1650869400,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0650 GMT - Mapletree North Asia Commercial Trust's unit price upside looks limited, even though the REIT has delivered solid earnings for its fiscal 2022, Citi analysts say in a research note. Citi notes that the Trust posted a \"strong\" 10% rise in net property income in the fiscal and remains confident on the growth momentum ahead, thanks to fast rebounding economic activities in Hong Kong as the city relaxes its pandemic curbs. However, Citi maintains a neutral rating, as its unit price has al","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4505":"高瓴资本持仓","BK4139":"生物科技","BK4526":"热门中概股","N2IU.SI":"丰树商业信托","BK4504":"桥水持仓","BGNE":"百济神州","BK4548":"巴美列捷福持仓","BK4535":"淡马锡持仓"},"translate_title":"Mapletree北亚商业信托的单价上涨空间有限--市场传言","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BGNE":1,"UNT":1,"N2IU.SI":0.9,"RW0U.SI":0.9},"content_text":"0650 GMT - Mapletree North Asia Commercial Trust's unit price upside looks limited, even though the REIT has delivered solid earnings for its fiscal 2022, Citi analysts say in a research note. Citi notes that the Trust posted a \"strong\" 10% rise in net property income in the fiscal and remains confident on the growth momentum ahead, thanks to fast rebounding economic activities in Hong Kong as the city relaxes its pandemic curbs. However, Citi maintains a neutral rating, as its unit price has already reached the level of the offer price in an upcoming merger deal. The trust's manager in late 2021 had proposed to merge MNACT with another REIT, Mapletree Commercial Trust. (yifan.wang@wsj.com) \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  April 25, 2022 02:50 ET (06:50 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2230114414"}