“We believe that the street has not accounted for the improved fundamentals post acquisition of Mapletree Logistics Hub Tsing Yi,” says DBS lead analyst Derek Tan in a Friday report.
SINGAPORE (Oct 20): DBS Group Research says it is excited by growth prospects for Mapletree Logistics Trust, following its recent acquisition of Mapletree Logistics Hub Tsing Yi in Hong Kong.
The research house is keeping its “buy” call on MLT, and raising its target price to $1.38, from $1.28 previously.
