Equity Analysis /
Singapore

SG : REIT - Creating an iMPACT

    Munyee Lock
    Munyee Lock

    Head of Regional Property

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    CGS-CIMB
    2 January 2022
    Published byCGS-CIMB

    MCT and MAGIC have proposed a merger. MAGIC unitholders to receive S$1.1949/unit consideration comprising MCT units or cash plus units. With its larger debt headroom and asset under management (AUM), the merged entity could deliver accelerated growth and return in the longer run. Reiterate Hold on MCT and Add on MAGIC.