Singapore Stock Market News

Mapletree Logistics Trust - Bumpy road ahead

StockFanatic
Publish date: Tue, 21 Apr 2015, 01:51 PM
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 FY3/15 results were in line with our estimates, with 12M DPU accounting for 95% of our forecast. Future occupancy at its Singapore portfolio is expected to dip as MLT converts more of its properties from STBs to MTBs. With both margins and occupancy expected to come under pressure, we expect MLT to rely on inorganic growth to make up for the potential weakness. Given the bumpy outlook, we maintain our Hold rating with an unchanged DDM-based target price of S$1.30.
Read more »
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment