Singapore Stock Market News
Mapletree Logistics Trust - Awaiting acquisitions
StockFanatic
Publish date: Thu, 18 Apr 2013, 11:51 AM
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4Q/FY13 DPUs came in broadly in
line with consensus and our
expectations, at 25/98% of our
full-year forecast. We tweak our
FY14-15 DPUs to factor in a larger but
later acquisition. Our DDM-based
target price is raised after rolling
forward our numbers with a lower
discount rate of 7.1% (previously
7.3%). Maintain Neutral.
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