We have reviewed our model and maintain our Hold recommendation on Malta Properties Company plc. After updating our expectations and reflecting the FY 2019 interim results we increased our 12-month price target from €0.60 to €0.66. The increase in our price target is attributable to MPC’s effort to carry out its operations in a more efficient manner, which has consequently led to a decline in administrative expenses being incurred by the Group. Read the full report HERE.