Mapletree Logistics Trust (M44U.SG) +1.8% at $0.865, recouping part of yesterday’s 3.4% loss triggered by dilution concerns due to $304.9 million cash call, says Dow Jones.

With overhang from equity fund raising lifted, market can now focus on MLT’s growth, with enhanced balance sheet capacity enabling it to pursue another $470 million worth of debt-funded acquisitions, “which could provide upside to valuations”, says Deutsche Bank, which has Buy call with $0.94 target.

Still, current volume sharply lower than yesterday’s 18.9 million units, highest since October 2006, suggesting investors still tad cautious. “In the short term, there may be some share price weakness with two large IPOs in the industrial space coming to market,” says Macquarie, which has Outperform call with $0.98 target, referring to Global Logistic Properties, Mapletree Industrial Trust, both expected to list next month.

Resistance at current September high of $0.885.