Country Daily

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 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.