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.
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)