Broker Name: CGS International
Date of Report: February 2, 2026
Excerpt from CGS International report.

Report Summary

• Mapletree Pan Asia Commercial Trust (MPACT) delivered steady 3Q/9MFY26 results, with Singapore retail assets such as VivoCity outperforming through higher occupancy and strong rental reversions, while overseas assets faced ongoing challenges.
• The broker maintains an “Add” rating with a target price of S\$1.52, citing MPACT’s resilient Singapore portfolio and potential catalysts including overseas recovery, asset divestment, and interest rate declines; downside risks include slower overseas recovery and fewer-than-expected rate cuts.

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