Brokers' take

Mapletree Logistics Trust | Hold (downgraded) April 18 close: S$1.44 Target price: S$1.45 OCBC Investment Research, April 18

Mapletree Logistics Trust's (MLT's) share price has whipsawed since it was disclosed that CWT International had failed to pay accrued interests and certain fees in relation to a HK$1.4 billion (S$241.9 million) loan facility.

CWT Pte Ltd, a wholly-owned subsidiary of CWT International, is currently the largest tenant of MLT, having contributed 9.1 per cent of its Q3 FY2019 revenue.