Mapletree Logistics Trust held at 'outperform' by Credit Suisse with higher target price of 93 cents

Stock Name: Mapletree Log Tr
Company Name: MAPLETREE LOGISTICS TRUST

Research House: Credit Suisse

Price Call: BUY

Target Price: 1.46

SINGAPORE (Oct 21): Credit Suisse has maintained Mapletree Logistics Trust (MLT) at "outperform" and raised its target price to $1.46 from $1.45.

In an Oct 20 report, Credit Suisse says MLT remains one of its top picks for S-REITs due to its favourable sector fundamentals and the defensiveness of the logistics sector with a long WALE of 4.6 years.

MLT also has the added advantage of possible future acquisitions as its sponsor has 2.08 million sqm of GFA development which may form the latter's future pipeline.