CGS CIMB |
OCBC |
Mapletree Logistics Trust (MLT SP) Focus On Domestic Consumption Mitigates Impact From Trade Conflict
With high exposure to domestic consumption at 80%, MLT has mitigated uncertainties surrounding the US-China trade tension. Hong Kong continues to be supported by tight occupancies, while Singapore is seeing stabilisation as supply tapers from 2019-21. China has leveraged on domestic consumption growth of tier-2 cities, while Vietnam is seeing positive spillovers. Management continues to monitor the evolving external environment. Maintain HOLD. Target price: S$1.39. Entry price: S$1.26.
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SATS Ltd: Hold on for a better entry
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DBS VICKERS | |
Ascott Residence Trust (ART SP) : BUY Cashing in
• Disposal of Ascott Raffles Place for S$353m at an estimated 2% exit NPI yield • Sale price c.64% above the latest valuation • Transaction highlights the inherent value of the stock which the market has under appreciated • Maintain BUY, S$1.25 TP
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Check out our compilation of Target Prices