Mapletree Logistics Trust cut to "hold" by DBS Vickers

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

Research House: DBS Vickers

Price Call: HOLD

Target Price: 1.27

SINGAPORE (Jan 21): DBS Vickers has downgraded Mapletree Logistics Trust to "hold" from "buy", citing limited upside to its price target of $1.27.

With the stock trading at 1.3 times book value, reflecting a forward yield of 6.1% to 6.4%, investors are showing "high confidence" in MLT's earnings resilience and execution ability, according to DBS Vickers analysts Derek Tan and Mervin Song.