AIMS AMP - Maybank Kim Eng 2016-01-29: Aiming for better days

AIMS AMP CAP INDUSTRIAL REIT O5RU.SI 

AIMS AMP (AAREIT SP) - Aiming for better days 

Weak Leasing. Maintain HOLD. Latent potential. 

• 3Q3/16 results confirm a weak leasing environment. 
• We temper our occupancy expectations by c.1ppt, which docks DPU expectations by 1.1- 1.7%. 
• TP lowered accordingly to SGD1.45 from SGD1.47 on a 7.75% target yield. Maintain HOLD. 

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