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Mapletree Industrial Trust ready for take-off

Benjamin Cher
Benjamin Cher11/24/2016 04:47 PM GMT+08  • 2 min read
Mapletree Industrial Trust ready for take-off
SINGAPORE (Nov 24): CIMB is maintaining its “add” call on Mapletree Industrial Trust (MINT) with a target price of $1.68, seeing its built-to-suit for Hewlett-Packard is almost completed.
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SINGAPORE (Nov 24): CIMB is maintaining its “add” call on Mapletree Industrial Trust (MINT) with a target price of $1.68, seeing its built-to-suit for Hewlett-Packard is almost completed.

Analyst Yeo Zhi Bin notes that MINT has been growing its portfolio of hi-tech buildings since FY14. By FY19, hi-tech buildings will account for 30% of the group’s net property income (NPI).

MINT is also projected to deliver a three-year DPU CAGR of 2.7% through FY16 to FY19, one of the highest in the sector, notes Yeo.

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