Mapletree Industrial Trust

In Singapore’s West-meets-East culture, people in positions of authority are rarely challenged so openly.

Mapletree Industrial Trust (MIT) has weathered the brunt of Singapore’s circuit breaker earlier this year and is now riding on digital tailwinds, thanks in part to its “cautious stance” in cash management, say DBS Group Research analysts.

This follows a new joint venture between SPH and Keppel to invest in data centres.

With MINT’s inclusion, the STI reserve list now includes Keppel DC REIT, Suntec REIT, NetLink NBN Trust, Frasers Logistics & Industrial Trust and Keppel REIT.

For the next few months, investors may start monitoring price to net asset value for REITs rather than their yields.

SINGAPORE (Feb 1): The Edge Singapore has assembled the annual portfolio of 10 stocks, done in conjunction with the Lunar New Year.

SINGAPORE (June 27): VivoCity, a Mapletree Commercial Trust (MCT) property, is set to officially launch the new retail extension of its Basement 1 (B1) area on 12 July after an operational soft opening period of nearly a month.

SINGAPORE (April 25): DBS Group Research is keeping its “buy” recommendation on Mapletree Industrial Trust (MINT) with an unchanged target price of $1.94.

SINGAPORE (April 18): Maybank Kim Eng Research is initiating coverage on the Singapore REIT (S-REIT) sector with a “positive” view, highlighting the industrial sub-sector as investors’ best option for growth.

SINGAPORE (March 6): Mapletree Industrial Trust (MIT) is set to develop a build-to-suit (BTS) data centre in the western region of Singapore at an estimated cost of $60 million.