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5 reasons to believe in MAGIC

Jude Chan Published on Tue, Aug 02, 2016 / 3:59 PM GMT+8

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SINGAPORE (Aug 2): DBS Vickers Securities is maintaining its “buy” call on Mapletree Greater China Commercial Trust (MAGIC) despite headwinds from Hong Kong’s slowing retail market.

However, DBS lowered its target price for the REIT focussing on commercial properties in the Greater China region to $1.13, down from $1.15 previously.

This is mainly due to lower FY17-18 DPU forecasts to account for a weaker yuan against the Singapore dollar.

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