The way Tan sees it, this implies that the manager’s strategy of maintaining occupancies amid competition is the right one – and could be starting to bear fruit.
SINGAPORE (Jan 23): DBS Group Research says it is still “too early to call a sustained turnaround” for Mapletree Industrial Trust (MINT), even as a general improvement in occupancy rates across most of its industrial sub-segments is a positive sign.
“This… should allay concerns that occupancy rates will dip further given the uncertain macro climate,” DBS says in a flash note led by analyst Derek Tan on Wednesday.
