SINGAPORE (Jan 29): DBS is maintaining its “Buy” recommendation on Mapletree Greater China Commercial Trust (MGCCT) and raising its target price to S$1.40, from S$1.30 previously.

This came on the back of the trust announcing its 3Q17/18 DPU of 1.868 Singaporean cents, 5.1% higher than 1.778 cents in the same period last year, which brought 9M17/18 DPU to 5.582 cents.

Gross revenue came in 0.78% higher y-o-y at S$88.5 million, mainly due to revenue growth from the all three of the trust’s properties due to higher rent, and lower accrued revenue for...(click on link for full story on theedgesingapore.com)