Broker Name: CGS International
Date of Report: December 11, 2025
Excerpt from CGS International report.
Report Summary
- Mapletree Pan Asia Commercial Trust (MPACT) announced the sale of the office component of Festival Walk in Hong Kong for S\$328.1 million, in line with its portfolio optimisation strategy and independent valuation. The divestment is expected to complete in February 2026 and will reduce MPACT’s aggregate leverage to 36.5%.
- Proceeds from the sale will be used to pare down debt, enhancing financial flexibility. MPACT retains full ownership of the retail mall at Festival Walk, which remains nearly fully occupied, and continues to focus on its resilient Singapore portfolio, which forms 58% of its assets under management. The broker maintains an Add rating with a target price of S\$1.52, citing resilient operations and positive re-rating catalysts such as improved overseas performance and potential interest rate declines.
Above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website: https://www.cgs-cimb.com
