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Cache Logistics Trust upgraded in anticipation of industrial sector recovery

Michelle Zhu
Michelle Zhu8/1/2018 10:38 AM GMT+08  • 2 min read
Cache Logistics Trust upgraded in anticipation of industrial sector recovery
SINGAPORE (Aug 1): OCBC Investment Research is upgrading its call on Cache Logistics Trust (CLT) to “buy” from “hold” with a lower fair value of 81 cents compared to 83 cents previously, after adjusting for higher cost of equity to factor in a ris
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SINGAPORE (Aug 1): OCBC Investment Research is upgrading its call on Cache Logistics Trust (CLT) to “buy” from “hold” with a lower fair value of 81 cents compared to 83 cents previously, after adjusting for higher cost of equity to factor in a rising interest rate environment.

The research house’s upgrade comes in anticipation of the industrial sector bottoming by end-2018 or early 2019, with the belief that CLT is ready to participate on the upturn.

To recap, CLT recently reported lower 2Q18 DPU of 1.419 cents compared to 1.722 cents a year ago, which came in line with OCBC’s expectations.

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