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Mapletree Industrial Trust kept at ‘buy’ by Maybank on hi-tech ambitions

PC Lee
PC Lee1/31/2019 01:16 PM GMT+08  • 2 min read
Mapletree Industrial Trust kept at ‘buy’ by Maybank on hi-tech ambitions
SINGAPORE (Jan 31): Maybank Kim Eng says Mapletree Industrial Trust’s (MINT) fundamentals are intact.
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SINGAPORE (Jan 31): Maybank Kim Eng says Mapletree Industrial Trust’s (MINT) fundamentals are intact.

Its DPUs are backed by improving leasing demand, there is growth visibility from its completed Kallang AEI, and it has a more resilient portfolio following its hi-tech asset investments and US diversification.

Meanwhile, MINT’s low gearing, high debt headroom and clear acquisition growth potential could provide upside to its DPU CAGR forecast, adds the research house.

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