Periodic/Sector reports

报告摘要

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 sub-market. 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.