UOB Kay Hian Research analysts Jonathan Koh and Loke Peihao have re-initiated coverage of ARA LOGOS Logistics Trust (ALOG) with a “buy” rating and target price of 85 cents.

Koh and Loke highlighted ALOG’s acquisition of majority control of LOGOS Property Group (LOGOS), which became its global logistics real estate arm. 

“ARA Asset Management has acquired majority control of LOGOS Property Group (LOGOS), which became its global logistics real estate arm. It has injected ARA LOGOS Logistics Trust Management (manager of ALOG) and its 10.7% stake in ALOG into LOGOS,” they note. 

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