In Hong Kong, supply of logistics space is tight as there are no new warehouses coming on-stream, while logistic space is being redeveloped into commercial properties.
SINGAPORE (Jan 11): UOB Kay Hian is reiterating its “hold” call on Mapletree Logistics Trust (MLT) with a higher target price of $1.39 from $1.36 previously and recommends an entry price of $1.26.
In a Friday report, analyst Jonathan Koh says, “We expect MLT to register positive rental reversion of 2-3% on a portfolio-wide basis for FY19 driven by Hong Kong, China and Vietnam.”
