Stock Name: MapletreeLog
Company Name: MAPLETREE LOGISTICS TRUST
Research House: CIMB
Company Name: MAPLETREE LOGISTICS TRUST
Research House: CIMB
CIMB upgrades Mapletree Logistics Trust (M44U.SG) to Outperform from Neutral, ups target price to $1.01 vs $0.89; says, “we see improved demand for logistics space in MLT’s key markets and are more assured of positive rental renewals for the rest of 2010.”
CIMB notes, aggressive growth plans ready to take full flight given $1 billion acquisition pipeline from sponsor Mapletree Investments, MLT’s capability in taking on high-yield development projects.
Broker adds strong recovery this year in warehouse demand in Singapore, HK driven by surge in manufacturing activity, improvement in external trade. REIT last +0.6% at $0.845.
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