In a Wednesday report, DBS analyst Derek Tan says he likes MIT for its diverse overseas ventures, along with well-timed acquisitions and completions of development projects which underpin its steady growth profile and resilience to business cycle fluctuations.
SINGAPORE (Oct 25): DBS Vickers Securities and Maybank Kim Eng are remaining positive on the outlook of Mapletree Industrial Trust (MIT) post the release of its latest 2Q set of financials, which saw a marginal 0.3% y-o-y growth in quarterly DPU on rising contributions from the high-tech sector.
The research houses reiterate their “buy” calls on the trust with target prices of $2.22 and $2.25, respectively.
