Tuesday, March 29, 2011

Mapletree Logistics Trust rated 'buy' by DBS

Stock Name: MapletreeLog
Company Name: MAPLETREE LOGISTICS TRUST
Research House: DBS Vickers

DBS Vickers Securities in a Mar 28 research report says: "MLT announced that they have acquired Hiroshima Centre in Chugoku, western Japan for JPY 7.3 billion ($114.2 million). Initial yield is estimated to be c.7% (in line with its recent Japanese transactions which were done in the region of 7.0%-8.6%) and above its current implied yields of 6.5%.

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