SINGAPORE (Aug 3): UOB Kay Hian has initiated coverage for Frasers Logistics and Industrial Trust with a “buy” rating and a target price of $1.08.

FLT is an industrial real estate investment trust with an initial portfolio comprising 51 Australia-based industrial and logistics assets valued at A$1.6 billion ($1.6 billion).

UOB Kay Hian’s Derek Chang noted that the industrial REIT offers investors an avenue to invest in Australian industrial properties while the local industrial REITs continue to face supply headwinds.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook