SINGAPORE (Oct 23): DBS Vickers Securities has upgraded Mapletree Industrial Trust to a “buy” call from “hold” with a higher target price of $1.62 from $1.50 previously given the trust’s resilience in a tough operating environment.

It notes MIT has attractive yields of 7.3%-7.8% as the trust continues to see strong growth in revenue and net property income in 2QFY2016.

It adds that MIT’s acquisitions and development project will support earnings growth ahead.

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