US-China trade tensions

Focus on domestic consumption helps MapletreeLog mitigate trade conflict impact
SINGAPORE (Jan 11): UOB Kay Hian is reiterating its “hold” call on Mapletree Logistics Trust (MLT) with a higher target price of $1.39 from $1.36 previously and recommends an entry price of $1.26. In a Friday report, analyst Jonathan Koh says, “We expect MLT to register positive rental reversion of 2-3% on a portfolio-wide basis for FY19 driven by Hong Kong, China and Vietnam.” In ...
Market valuations may be inexpensive but stay defensive: RHB
SINGAPORE (Jan 2): RHB Research prefers to stay selective and defensive amid growth uncertainties in 2019. The Straits Times Index (STI), down 12% in USD terms, could remain under pressure this year amid slowing GDP growth and an uncertain trade outlook due to China-US tensions. In a Wednesday report, analyst Shekhar Jaiswal says, “While 12.6x forward P/E and 4.2% dividend yield make the ...