SINGAPORE (June 17): DBS analysts Derek Tan and Dale Lai have maintained their “buy” calls on Mapletree Logistics Trust (MLT) due to the expected increase in adoption of e-commerce following nationwide shutdowns due to Covid-19.

“With supportive structural tailwinds in place, we believe MLT remains well placed to also acquire accretively,” say both analysts in a report dated June 12.

Tan and Lai have placed a price target of $2.05, from $1.85 previously.

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