Mapletree Logistics kept at 'hold' by CIMB with unchanged target price of $1.30

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

Research House: CIMB

Price Call: HOLD

Target Price: 1.30

SINGAPORE (May 26): Mapletree Logistics Trust's (MLT) distribution per unit (DPU) is expected to be boosted cumulatively by about 8%, according to CIMB Research.

This followed MLT's proposed acquisitions of Mapletree Logistics Park Bac Ninh Phase 1 (MLPBN1) in Vietnam and Dakonet Logistics Centre (DLC) in South Korea, which may generate net property income yields of 10% and 8% respectively, the research house estimated.