SINGAPORE (July 2): With data centres increasingly emerging as crucial infrastructure in a digital economy, Mapletree Industrial Trust (MIT) is shaping up to be an increasingly lucrative data centre play with the acquisition of a 60% stake in 14 US data centres. With this likely to be a key earning driver in 2HFY21, DBS’s Derek Tan and Dale Lai have issued a “buy” call with a target price of $2.90 and a 12% upside. 

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