Goldman Sachs cuts target for Mapletree Pan Asia stock to SGD 1.34

Published on 10/20/2026 at 19:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 revenue was SGD 206.46 million in fiscal 2027. Mapletree Pan Asia stock was SGD 1.13, down 0.88 percent on SGX on October 20, 2026.

Goldman Sachs changes its view

Goldman Sachs downgraded Mapletree Pan Asia Commercial Trust to Neutral and set a SGD 1.34 target on October 14, 2026.
Fiscal 2027 first-quarter revenue was SGD 206.46 million, while the next results date is October 30, 2026.
Mapletree Pan Asia stock was SGD 1.13 on the Singapore Exchange on October 20, 2026, down 0.88 percent on the day.
The trust had a P/E ratio of 23.89 and a market capitalization of SGD 6.0 billion.

Mapletree Pan Asia, SG2D18969584, Illustration mit AI erstellt.

Goldman Sachs downgraded Mapletree Pan Asia Commercial Trust from Buy to Neutral and set a SGD 1.34 price target on October 14, 2026, according to Markets Insider. The trust's units were last quoted at SGD 1.13 on the Singapore Exchange on October 20, 2026 at 5:07 p.m. SGT, down 0.88 percent on the day.

Revenue remains below estimates

Mapletree Pan Asia Commercial Trust reported SGD 206.46 million in revenue for the first quarter of fiscal 2027. The figure was below the SGD 213.66 million estimate cited by TradingView. The same page lists net income of SGD 89.48 million for the quarter, compared with a net loss of SGD 26.71 million in the previous quarter.

What does the valuation show?

The Singapore-listed trust had a P/E ratio of 23.89 and a market capitalization of SGD 6.0 billion on October 20, 2026. Its dividend yield was 7.00 percent, while the latest quoted price remained below the one-year high of SGD 1.50 shown in the market profile.

Results date and peer comparison

The next results release is scheduled for October 30, 2026, according to TradingView. Fiscal 2027 first-quarter revenue estimates for the following quarter stand at SGD 213.43 million, based on one analyst estimate listed by Yahoo Finance.

Comparison with peers

Mapletree Pan Asia Commercial Trust: down 0.88 percent on October 20, 2026, P/E 23.89, market capitalization SGD 6.0 billion.

CapitaLand Integrated Commercial Trust (SGX, SGD): down 0.90 percent on October 20, 2026, P/E 13.62, market capitalization SGD 17.3 billion. CapitaLand Ascendas REIT (SGX, SGD): down 0.46 percent on October 20, 2026, P/E 13.68, market capitalization SGD 10.8 billion.

Euro quotation stays dated

The last available euro quotation came from Tradegate at EUR 0.80 on October 14, 2026 at 5:08 p.m. CEST. The Singapore listing remains the more recent market reference, with the next results date providing the clearest scheduled point for a fresh operating update.