Tham, the REIT's founding CEO since its listing back in 2010, has since delivered total returns of more than 300%, says DBS in a note on May 31.
DBS has kept its "buy" call and $2.60 target price on Mapletree Industrial Trust (SGX:ME8U
) (MINT) following news that long-serving CEO Tham Kuo Wei is moving to another role within sponsor Mapletree Investments.
CFO Ler Lily, who has held this role since 2011, will take over from Tham.
