Mapletree North Asia Commercial Trust (MNACT) is scheduled to report their FY2019 results later today after the close of trading. The Reits have been an investor's favourite for many years due to its staggering growth profile in the greater region of Beijing, Shanghai and Hongkong but with the tides turning, the question is if the market priced them in.. Here's why I don't think they are a compelling buy yet. 1.) Revenue and NPI to be severely impacted in Q4 If we take a look across the results for Q3 (1 Oct to 31 Dec 2019), GR dropped by 36.3% YoY to S$67.3m and NPI dropped by 40% to S$50.8m. This is due to the closure of the Festive Walk mall since 13 November 2019 due to the HK riots and was only reopened on 15 January 2020. From a reporting point of view, that would mean...