So MSCI announced the changes to its MSCI Singapore index this week. Mapletree Pan Asia Commercial trust (MPACT) was removed from the MSCI Singapore Index (other stocks dropped are Mapletree Logistics Trust, CDL, Jardine C&C and Seatrium). This led to MPACT’s share price dropping as low as $1.18 at one point. But it closed the day flat at $1.22. Now these kind of index removal news tends to be a contrarian bottom signal. Once the initial index selling is out of the way, the stock usually bottoms out, and as long as fundamentals do not deteriorate they can rally after. So I decided to take a closer look at Mapletree Asia Commercial Trust. At a 7.5% annualised dividend yield, for a REIT that holds 2 crown jewels in Singapore (Vivocity and Mapletree Business City). Is this REIT a good buy? Mapletree Pan Asia Commercial Trust was removed from MSCI Index – Is this a short term bottom?...