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Mapletree Logistics Trust kept at 'buy' by OCBC following strong start to FY19

Michelle Zhu
Michelle Zhu7/24/2018 10:41 AM GMT+08  • 2 min read
Mapletree Logistics Trust kept at 'buy' by OCBC following strong start to FY19
SINGAPORE (July 24): OCBC Investment Research is maintaining its “buy” call on Mapletree Logistics Trust (MLT) with a fair value estimate of $1.34, after its manager posted a set of 1Q19 results which came in line with the research house’s expectati
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SINGAPORE (July 24): OCBC Investment Research is maintaining its “buy” call on Mapletree Logistics Trust (MLT) with a fair value estimate of $1.34, after its manager posted a set of 1Q19 results which came in line with the research house’s expectations at 25.2% of FY19 forecasts.

The research house continues to like MLT for the strong divestment gains it recorded in the latest quarter under review, as well as positive rental reversions on an operational basis.


See: Mapletree Logistics Trust posts 3.7% rise in 1Q DPU to 1.957 cents; recommences distribution reinvestment plan

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