“We like MLT’s exposure to the China reopening story as its China and Hong Kong portfolio constituted 21% and 23% of its portfolio valuation respectively as at end-3QFY2022,” they add.
UOB Kay Hian has added Mapletree Logistics Trust (MLT) to its alpha picks portfolio for the first month of the year.
“For January 2023, we add MLT to our portfolio as we expect medium-term positive sentiment on the stock to drive its share price as the removal of China’s zero-Covid regulations should positively affect the company’s assets,” write UOB Kay Hian’s team of analysts in their Jan 3 report.
