Home Capital Broker's Calls

DBS starts Daiwa House Logistics Trust at 'buy' with TP of 95 cents

Felicia Tan
Felicia Tan1/24/2022 12:14 PM GMT+08  • 3 min read
DBS starts Daiwa House Logistics Trust at 'buy' with TP of 95 cents
DHLT's 14 properties have a total NLA of 420,920 sqm, with a total appraised value of $979.0 million as at June 30, 2021.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

DBS Group Research has initiated “buy” on Daiwa House Logistics Trust (DHLT) with a target price of 95 cents, representing a 17% upside to the REIT’s last-traded price of 81.5 cents as at Jan 21.

The target price assumes a weighted average cost of capital (WACC) of 5.2% and a risk-free rate of 1.5%. This implies a target yield of 5.5% to 5.6%. The target price also does not assume any acquisitions in the analysts’ projections.

DHLT is a REIT that has a pure-play on logistics with a portfolio of 14 modern facilities in Japan with “solid fundamentals”, say analysts Dale Lai and Derek Tan in their Jan 24 report.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.