Mapletree Logistics Trust

[winston]

not vested

MAPLETREE LOGISTICS TRUST (MLT SP)

Recommendation : BUY
Fair Value : SGD 2.12

FORSAKE ME NOT

Share price has underperformed following positive vaccine news
Still a beneficiary of structural tailwinds
Update estimates and raise FV to S$2.12

Mapletree Logistics Trust (MLT) has a diversified logistics portfolio spread across key markets in Asia such as Singapore, Hong Kong, Japan, Australia, Vietnam and China.

Management has strong execution capabilities and its portfolio capital recycling strategy has also resulted in net divestment gains being distributed to unitholders.

Although MLT will not be immune to a weaker macroeconomic backdrop, we expect it to remain relatively more resilient vis-à-vis its peers, and also see MLT as a key beneficiary of the structural shift towards more robust e-ecommerce growth trends ahead.

However, given the rotation play to value and laggards, MLT’s share price has recently underperformed and we view this as a buying opportunity for investors with a medium to longer-term horizon.

Source: OCBC

[winston]

not vested

Mapletree Logistics Trust (MLT SP) - Steady growth; eyeing more acquisitions

Mapletree Logistics Trust (MLT) has a diversified logistics portfolio spread across key markets in Asia such as Singapore, Hong Kong, Japan, Australia, Vietnam and China.

Management has strong execution capabilities and its portfolio capital recycling strategy has also resulted in net divestment gains being distributed to unitholders.

Although MLT will not be immune to a weaker macroeconomic backdrop, we expect it to remain relatively more resilient vis-à-vis its peers, and also see MLT as a key beneficiary of the structural shift towards more robust e-ecommerce growth trends ahead.

However, given the rotation play to value and laggards, MLT’s share price has recently underperformed and we view this as a buying opportunity for investors with a medium to longer-term horizon. BUY.

Source: OCBC

[winston]

not vested

Mapletree Logistics Trust (MLT SP)

3QFY21: 3PL and e-Commerce Resilient Despite COVID-19 Pandemic

MLT demonstrated resiliency with portfolio occupancy relatively stable at 97.1% while
maintaining positive rental reversion at 1.6%.

It has completed acquisition of nine properties in China, Malaysia and Vietnam and a remaining 50% stake in 15 properties in China in 3QFY21.

More acquisition is on the cards with management evaluating further expansion in South Korea, India and Australia.

Maintain HOLD. Target price: S$2.08. Entry Price: S$1.88.

Source: UOBKH

https://research.uobkayhian.com/content ... f055eb0f53

[behappyalways]

Mapletree Logistics Trust acquires five freehold logistics properties in South Korea for $334.8 mil
https://www.theedgesingapore.com/news/r ... korea-3348

[winston]

MAPLETREE LOGISTICS TRUST (MLT SP)

Recommendation : BUY
Fair Value : SGD 2.10

HUNGER FOR FURTHER INORGANIC GROWTH OPPORTUNITIES.

4QFY21 DPU rose 5.5% YoY to 2.161 S cents
Positive rental reversions of 2.4% during the quarter
Eyeing larger scale acquisitions

Mapletree Logistics Trust (MLT) has a diversified logistics portfolio spread across key markets in Asia such as Singapore, Hong Kong, Japan, Australia, Vietnam, China and India.

Management has strong execution capabilities, and its portfolio capital recycling strategy has also resulted in net divestment gains being distributed to unitholders.

Although MLT will not be immune to uncertainties in the macroeconomic environment, we expect it to remain relatively more resilient vis-à-vis its peers, and also see MLT as a key beneficiary of the structural shift towards more robust e-commerce growth trends ahead.

However, given the rotation play to value and laggards, MLT’s share price has recently underperformed and we view this as a buying opportunity for investors with a medium to longer-term horizon.

Source: OCBC

[behappyalways]

Mapletree Logistics Trust to acquire 17 logistic assets in China, Vietnam and Japan for $1.4 bil
https://www.theedgesingapore.com/news/r ... pan-14-bil

[behappyalways]

Mapletree Logistics Trust raises $692.8 mil in equity funding for acquisitions in China, Vietnam and Japan
https://www.theedgesingapore.com/news/r ... ietnam-and

[behappyalways]

Mapletree Logistics Trust completes the acquisition of 12 logistics assets in China
https://www.theedgesingapore.com/news/m ... sets-china

[behappyalways]

Mapletree Logistics Trust acquires South Korea’s Baeksa Logistics Centre for $100.3 mil
https://www.theedgesingapore.com/news/r ... e-1003-mil

[behappyalways]

Mapletree Logistics Trust proposes to divest 3 Changi South Lane for $22 mil
https://www.theedgesingapore.com/news/r ... ane-22-mil