Thursday 22 October 2015

Mapletree Industrial Trust - CIMB Research 2015-10-21: New AEI a potential medium-term booster

Mapletree Industrial Trust - CIMB Research 2015-10-21: New AEI a potential medium-term boosterMAPLETREE INDUSTRIAL TRUST ME8U.SI 

Mapletree Industrial Trust - New AEI a potential medium-term booster 

  • 2QFY16 results boosted by Equinix contributions and organic growth. 
  • Rental reversions were positive but gap between passing and new rents continued to narrow. 
  • Rising cost pressure to dampen NPI margin. 
  • New Kallang Basin AEI to provide medium-term booster. 
  • Maintain Hold with unchanged DDM-based target price of S$1.66
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