Cache Logistics Trust (Cache)

While good first quarter and partnership with Logos are cause for optimism, analysts are holding back due to Covid-19 uncertainty.

SINGAPORE (April 8): Since Mar 23, when the FTSE Straits Times REIT Index touched its lowest level this year, it is up around 16.5% as at Apr 8.  The top five performers since Mar 23 have done much better (see chart 1). IREIT Global for instance is up 47

Both Chia and Hawkins acknowledge there has been a slowdown due to the coronavirus but say it is too soon to gauge the impact on their properties in Singapore and the region.

Here are three stocks to watch for the coming week: Jardine Matheson Holdings, Keppel Corporation and Cache Logistics Trust.

RHB analyst Vijay Natarajan says Cache is slated to reap the profits of the transaction in terms of a healthy acquisition pipeline, which has been tough to find amid tight capital market conditions and synergistic operational capabilities.

SINGAPORE (Apr 18): OCBC is downgrading Mapletree Logistics Trust to ‘hold’ given there could be uncertainties over its longer-term outlook in the wake of the news that CWT International had defaulted on its loans.

SINGAPORE (Oct 29): RHB Research and OCBC Investment Research say Cache Logistics Trust’s (Cache) 3Q18 results came within their respective expectations.

SINGAPORE (Jan 19): Analysts point to signs of stabilisation at Cache Logistics Trust, despite a 9.8% drop in its distribution per unit (DPU) to 1.597 cents for the 4Q17 ended December.

SINGAPORE (Jan 18): ARA-CWT Trust Management (Cache), the manager of Cache Logistics Trust, has declared DPU of 1.597 cents for the 4Q17 ended Dec.

SINGAPORE (May 29): UOB Kay Hian has raised target prices for Singapore real estate investment trusts (S-REITs) by an average of 8% on the back of a rosier economic outlook.