Stock Name: Mapletree Ind Tr
Company Name: MAPLETREE INDUSTRIAL TRUST
Company Name: MAPLETREE INDUSTRIAL TRUST
| Research House: CIMB | Price Call: HOLD | Target Price: 1.66 |
SINGAPORE (April 22): CIMB has downgraded Mapletree Industrial Trust (MIT) to "hold" from "add", saying the stock is fairly valued.
It has a price target of $1.66.
While MIT is "well positioned" to seize acquisition opportunities given its gearing of 30.6% and "well-staggered" debt profile, catalysts in the near term are few as its growth driver - a $226-million build-to-suit project for HP - will be ready only in 2H2016, according to CIMB analyst Pang Ti Wee.
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