“With a portfolio of logistics warehouses across Asia-Pacific which previously benefited from the China plus one strategy, shift from just in time to just in case supply chain and e-commerce penetration, some investors have expressed concerns about the impact of Asia no longer being the manufacturing hub for the US and the impact of a potential global recession," JP Morgan says.
Since “Liberation Day”, Mapletree Logistics Trust (SGX:M44U
) (MLT) has fallen 20.5% versus the -9.7% and -13.9% falls in the S-REIT and STI indices.
According to a JP Morgan report dated April 9, MLT’s correction is due to investor perception that it will be most impacted by the tariff war.
