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Brokers' take
Published Mon, Nov 24, 2014 · 09:50 PM
Mapletree Logistics | BUY
Nov 24 close: S$1.175
Target price: S$1.25
DBS Group Research, Nov 24
MAPLETREE Logistics Trust (MLT) continued on its acquisition growth path with Smart Logistics Centre in Korea for KRW21.4 billion (S$25.2 million). The acquisition price implies an initial yield of 7.8 per cent and is earnings accretive. Smart Logistics Centre is fully leased to Smart Logistics and Smart Global, two es…
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