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.

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.

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.