Moving towards a more stable 2H 1HFY3/22 DPU of 3.426 Scts is in line, at 50.4% of our FY22F forecast. Better performance at FW on reduced rent reliefs and slowing negative reversions, but operating conditions at GW remain challenging. Reiterate Add with an unchanged DDM-based TP of S$1.12. 1HFY3/22 results highlights MAGIC reported 1HFY3/22 gross […]

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