BEIJING (Jan 26): OCBC says an over 8% fall in Mapletree Logistics Trust since the beginning of this year makes it attractive.

OCBC is upgrading Mapletree Logistics to buy from hold with an unchanged fair value estimate of $1.04.

The house predicts the logistics real estate investment trust's distribution per unit to remain subdued because of lower revenue, but it still estimates Mapletree Logistics to offer a distribution yield of 8.2% in the current fiscal year to March, and 8.7% in the next.

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