IPO Price = $0.84 - $0.91
Mapletree Commercial Trust is one new IPO which will be launched soon to retail investors. Taking a look at the statistics actually does not look appealing to me. It has a low yield of 5.47% based on $0.91 which is comparable to its peers like Suntec REIT and CapitaCommercial Trust. Moreover, CapitaCommercial Trust is currently trading at a discount (Price-to-book ratio of 0.947) which is more favourable than MCT.
The good thing is that it uses unsecured debts to fund their purchases of properties which means the NAV is actually quite secured. This should give investors a sense of security.
As usual, I am looking at the final pricing of this IPO. If it is priced at $0.91, that means that there is demand and there are reasons to apply for a quick profit. Anything below that means that the demand is low and should not move above its final IPO price. In any case, it has not fulfilled my criteria so I am not interested.