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Revisions

Brokers stand their ground on Mapletree Logistics Trust with 2Q results

Broker's Calls

Brokers stand their ground on Mapletree Logistics Trust with 2Q results

Michelle Zhu Published on Wed, Oct 26, 2016 / 12:43 PM GMT+8

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SINGAPORE (Oct 26): OCBC Investment Research and CIMB Research are reiterating their “hold” calls on Mapletree Logistics Trust (MLT) with target prices of $1.05 and $1.03 respectively.

The ratings come after MLT declared on Monday an unchanged distribution per unit (DPU) of 1.86 cents for 2Q.

In separate reports on Tuesday, both OCBC and CIMB note improved occupancy and positive rental reversions in MLT’s portfolio – but not without highlighting the trust manager’s guidance for a challenging leasing environment ahead.

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