Key Indices
Top Stories
Company Update | Mapletree Pan Asia Commercial Trust (MPACT SP/BUY/S$1.21/Target: S$1.71)
- Festival Walk recorded the second consecutive quarter of healthy tenant sales growth at 4% yoy with sustained spending on luxury goods in 1QFY27. Strong demand within central Tokyo has spilled over to the Makuhari submarket. MPACT has initiated discussions with several potential new tenants, including a potential replacement tenant for the entire FMB. Maintain BUY. Target price: S$1.71.
Market Spotlight
- US stocks were mixed on Friday. The Dow Jones fell while the S&P 500 and Nasdaq rose as the information technology, industrials and financials sectors gained. There were more decliners than advancers on both the NYSE and the Nasdaq.
- The FSSTI fell 4.41pt to 5,656.11, on the back of weakness in Singtel, DBS and SATS, with mid-cap indices falling while small-cap indices rose with a broad market decline on S$3.17b turnover.
Technical Analysis
Frencken Group (FRKN SP)
- Trading Buy Range: S$2.52-2.53
UMS Holdings (UMSH SP)
- Trading Buy Range: S$2.64-2.65
Top Stories
Company Update | Mapletree Pan Asia Commercial Trust (MPACT SP/BUY/S$1.21/Target: S$1.71)
- Festival Walk recorded the second consecutive quarter of healthy tenant sales growth at 4% yoy with sustained spending on luxury goods in 1QFY27. Strong demand within central Tokyo has spilled over to the Makuhari submarket. MPACT has initiated discussions with several potential new tenants, including a potential replacement tenant for the entire FMB. Maintain BUY. Target price: S$1.71.
Market Spotlight
- US stocks were mixed on Friday. The Dow Jones fell while the S&P 500 and Nasdaq rose as the information technology, industrials and financials sectors gained. There were more decliners than advancers on both the NYSE and the Nasdaq.
- The FSSTI fell 4.41pt to 5,656.11, on the back of weakness in Singtel, DBS and SATS, with mid-cap indices falling while small-cap indices rose with a broad market decline on S$3.17b turnover.
Technical Analysis
Frencken Group (FRKN SP)
- Trading Buy Range: S$2.52-2.53
UMS Holdings (UMSH SP)
- Trading Buy Range: S$2.64-2.65
Key Indices
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