Broker's take: dbsbank upgrades MLT to 'buy', says it's 'safe harbour' amid virus outbreak
DBS Group Research has upgraded Mapletree Logistics Trust to"buy" and adjusted its 12-month target price to S$1.85 from S$1.90, calling the real estate investment trust a safe harbour amid the Covid-19 pandemic.
DBS analyst Derek Tan on Wednesday said MLT's pure logistics exposure is least impacted by the coronavirus outbreak, and Singapore's tightening restrictions on workspaces imply the Reit's earnings will remain more stable than those of its peers.
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