Shares & Derivatives
Mapletree Pan Asia Commercial Trust (SGX: N2IU): 2024 Full Year Result
By ViresInSolitudine  •  May 23, 2024
On 24 April 2024, Mapletree Pan Asia Commercial Trust (“MPACT”) have announced their full year result for FY2024. Overall, there were no significant changes from the previous quarter, and MPACT continues to trade at a discount from its book value and offer a high yield. Investors will need to assess their risk appetite and determine their margins of safety. With the closure of this financial year, it will mean that the comparative results over the next few quarters will be more comparable as it no longer takes into consideration the merger and preferential offering which happened in FY2023. It may be reflected positively, as the announcement have disclosed that for the fourth quarter of FY2024, DPU saw an increase by 1.8% as compared to the fourth quarter of FY2023. It is still however an overall decrease as compared to pre-merger days, something investors will need to take note....
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By ViresInSolitudine
I am an ex-auditor. I tend to adopt a more skeptical view and downplay what Companies like to project themselves as.
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