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UOB Kay Hian maintains 'buy' call on MINT, lifts TP to $3.72

Khairani Afifi Noordin
Khairani Afifi Noordin10/28/2021 12:33 PM GMT+08  • 3 min read
UOB Kay Hian maintains 'buy' call on MINT, lifts TP to $3.72
The FY22F and FY23F DPU forecast is also raised by 1% and 3% respectively
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UOB Kay Hian analyst Jonathan Koh maintains his “buy” call on Mapletree Industrial Trust (MINT), lifting his dividend discount model (DDM)-based target price to $3.72 from $3.63 previously.

He also increased his FY22F and FY23F distribution per unit (DPU) forecast by 1% and 3% respectively, due to strong contributions from the REIT’s newly acquired data centers.

MINT reported a DPU of 3.47 cents for 2QFY22, an 11.9% growth y-o-y, above UOB Kay Hian’s expectations.

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