Stocks to watch: Mapletree Logistics Trust

THE following company saw new developments that may affect trading of its securities on Friday (Jul 12):

Mapletree Logistics Trust (MLT): The trust expects negative rental reversions in China to persist over the next few quarters. This comes as tenants in China prefer not to renew leases ahead of their expiry, or are committing to shorter leases because of an uncertain market outlook, said its manager on Thursday. Units of MLT closed 4.8 per cent or S$0.06 higher at S$1.32, before the news.