SINGAPORE (Apr 8): DBS Group Research is upgrading its recommendation for Mapletree Logistics Trust (MLT) to “buy”, even as Singapore enters into a month-long “circuit breaker” to help curb the spread of the Covid-19 outbreak.

“We remain comfortable that MLT’s pure logistics exposure is least impacted by the Covid-19 outbreak,” says lead analyst Derek Tan in an April 8 report.

Tan notes that the logistics sector is “less impacted” by Singapore’s circuit breaker measures, which will see the closure of most workspaces until at least May 4.

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