Analysts are largely positive on Mapletree Industrial Trust’s (MINT) acquisition of 29 data centres in the US, which the manager of the REIT announced on May 20.

That said, most are waiting for the acquisition to complete before revising their earnings estimates. CGS-CIMB Research analysts Lock Mun Yee and Eing Kar Mei as well as Maybank Kim Eng analyst Chua Su Tye have kept their forecasts unchanged for now, pending the deal closure, which is slated for 3Q2021.

They kept their respective ‘add’ and ‘buy’ ratings for MINT with unchanged target prices of $3.05 and $3.25.

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