http://stockmarketmindgames.blogspot.com/2011/06/mapletree-secondary-accumulation-ready.html
Singapore | |
July 20, 2011, 11.25 am (Singapore time)  | |
UBS starts Mapletree Industrial at buy, target S$1.36 SINGAPORE - UBS has initiated coverage of Singapore's Mapletree Industrial Trust, which owns factories and other industrial properties, at buy with a target price of S$1.36. UBS said it expects Mapletree Industrial to record a distribution per unit (DPU) in 2012 of 7.79 Singapore cents and to see its DPU grow at an average 5.4 per cent a year over 2012-2015, the highest amongst industrial real estate investment trusts in Singapore. 'The industrial property sector (in Singapore) is the only commercial segment where rentals have exceeded the 2008 peak, recovering more strongly than office and retail,' said UBS in a report. The brokerage also noted that rents for multiple-user factories are at a 20-year high, and Mapletree Industrial offers exposure to this segment as 85 per cent of its net lettable area is multiple-user factories. At 0312 GMT, shares of Mapletree Industrial were 0.88 per cent higher at S$1.15, and have gained 5.9 per cent since the start of the year. -- REUTERS | |
Ronald K
