SINGAPORE (Oct 23): DBS Group Research is maintaining Mapletree Logistics Trust (MLT) at “buy” with $1.50 target price.

DBS says 2018 has been an exceptional year in terms of acquisitions, with MLT acquiring close to $1 billion of properties.

In a Tuesday report, lead analyst Derek Tan says he sees an improved quality in portfolio after the acquisition of five warehouses in Singapore, whose contribution will boost earnings and infuse further income stability in 2H19.

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