Singapore Stock Market News

Mapletree Logistics Trust - Another stable quarter

StockFanatic
Publish date: Tue, 21 Jan 2014, 11:54 AM
StockFanatic
0 10,453
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
MLT's 3QFY14 results were in line with consensus and our expectations, with this quarter's DPU accounting for 26% of our full-year forecast and 9MFY14 for 76%. Revenue for the quarter grew 1% yoy, mainly a result of the weakening of the yen. During FY13/14, MLT hedged/derived more than 95% of its distributable income in SG$.

We maintain our Hold rating with an unchanged DDM-based (discount rate: 8.1%) target price of S$1.11, as the REIT continues to seek opportunities to boost its earnings.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment