Mapletree Industrial Trust started at "buy", $1.74 target by Maybank Kim Eng

Stock Name: Mapletree Ind Tr
Company Name: MAPLETREE INDUSTRIAL TRUST

Research House: Maybank Kim Eng

Price Call: BUY

Target Price: 1.74

SINGAPORE (March 26): Maybank Kim Eng has started coverage on Mapletree Industrial Trust (MIT) at "buy" and a price target of $1.74.

Two of MIT's build-to-suit projects - BTS Equinix and BTS-Hewlett Packard - will help offset risks stemming from Singapore's "below-trend" economic growth, according to Maybank Kim Eng analyst Joshua Tan.

MIT gets some 85% of its revenue from factories and 15% from business parks.