UOB Kay Hian analyst Jonathan Koh has kept “hold” on Mapletree Logistics Trust (MLT) with an unchanged target price of $2.08.

Koh’s report on Nov 24 follows the REIT’s proposed acquisition of 17 modern Grade A logistics properties in China, Vietnam and Japan at a total acquisition cost of $1.47 billion.

See: Mapletree Logistics Trust to acquire 17 logistic assets in China, Vietnam and Japan for $1.4 bil

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