MINT, on May 25, had announced the acquisition of a 98.47% interest in a newly-built data centre in Osaka for JPY52.0 billion ($507.9 million).
The Singapore research team at UOB Kay Hian has added Mapletree Industrial Trust (MINT) (SGX:ME8U
) to its September alpha picks portfolio due to “favourable tailwinds for its data centre segment”.
Analyst Jonathan Koh has kept his “buy” call on the REIT after the REIT’s strategic diversification to Japan’s data centre market. Koh has also kept his target price of $2.89 unchanged.
