ARA Logos Logistics Trust is riding on a rising logistics demand, says RHB Group Research analyst Vijay Natarajan, with good medium-term growth potential ahead. 

Natarajan is maintaining his “buy” call on ARA Logos, with a raised target price of 78 cents representing an 11% upside. 

“Trading at a reasonable 1.3x price to book value (P/BV), ARA Logos, a pure-play logistics REIT has strongly outperformed year to date (+17%) vs the STI (+8%) and the S-REIT (-4%),” writes Natarajan in a March 12 note. “We expect this share price momentum to continue, driven by structural demand tailwinds, positive news flow, along with organic and inorganic portfolio growth.”

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