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Rising logistics demand keeps ARA Logos Logistics Trust a 'buy': RHB

Jovi Ho
Jovi Ho3/12/2021 4:56 PM GMT+08  • 4 min read
Rising logistics demand keeps ARA Logos Logistics Trust a 'buy': RHB
Meanwhile, its 10 Australian assets, worth $404 million, are pending final approval and are expected to be completed by end-March.
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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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