Analyst Geraldine Wong from DBS maintained a Buy rating on Mapletree Logistics (MAPGF – Research Report) and keeping the price target at S$1.55.
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Geraldine Wong’s rating is based on several compelling factors. Firstly, the CEO’s recent acquisition of shares during a period of market weakness demonstrates strong confidence in the company’s future. This suggests that the current share price dip is likely temporary, as investors will eventually recognize the management’s efforts to steer the company towards more sustainable returns.
Additionally, Mapletree Logistics Trust has a unique position in the Asia-Pacific logistics market, with a significant focus on domestic demand and limited exposure to export trades, which accounts for less than 15% of its revenues. This strategic positioning minimizes the impact of global trade tensions, such as the US-China trade war, on its operations. Furthermore, the trust’s conservative approach to capital preservation and its attractive yield of over 6.0% make it a promising investment, especially if interest rates turn favorably. These factors collectively support the Buy rating with a target price of SGD 1.55.
In another report released on April 24, CGS-CIMB also reiterated a Buy rating on the stock with a S$1.63 price target.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MAPGF in relation to earlier this year.