Mapletree Logistics Trust's FY2026 DPU Likely to Be Pressured by China Portfolio -- Market Talk

Dow Jones

01-23

0520 GMT - Mapletree Logistics Trust's units are currently undervalued, says Morningstar analyst Xavier Lee in a note. However, he expects weakness in MLT's China portfolio and higher borrowing costs from refinancing low-cost debt maturing over the next few quarters to weigh on its distribution per unit for Fiscal 2026. MLT's 3Q revenue decline was driven by lower contribution from its China portfolio, Lee notes. He notes that MLT's management expects a "modest decline" in the overall portfolio valuation for the upcoming year-end valuation exercise. This is driven by softness in its China portfolio and other factors, Lee adds. Morningstar maintains MLT's fair value estimate of S$1.54. Units are 0.8% lower at S$1.26.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

January 23, 2025 00:20 ET (05:20 GMT)

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However, he expects weakness in MLT's China portfolio and higher borrowing costs from refinancing low-cost debt maturing over the next few quarters to weigh on its distribution per unit for Fiscal 2026. MLT's 3Q revenue decline was driven by lower contribution from its China portfolio, Lee notes. He notes that MLT's management expects a \"modest decline\" in the overall portfolio valuation for the upcoming year-end valuation exercise. This is driven by softness in its China portfolio and other factors, Lee adds. Morningstar maintains MLT's fair value estimate of S$1.54. Units are 0.8% lower at S$1.26.(amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 23, 2025 00:20 ET (05:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>Mapletree Logistics Trust's FY2026 DPU Likely to Be Pressured by China Portfolio -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMapletree Logistics Trust's FY2026 DPU Likely to Be Pressured by China Portfolio -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-23 13:20</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0520 GMT - Mapletree Logistics Trust's units are currently undervalued, says Morningstar analyst Xavier Lee in a note. However, he expects weakness in MLT's China portfolio and higher borrowing costs from refinancing low-cost debt maturing over the next few quarters to weigh on its distribution per unit for Fiscal 2026. MLT's 3Q revenue decline was driven by lower contribution from its China portfolio, Lee notes. He notes that MLT's management expects a \"modest decline\" in the overall portfolio valuation for the upcoming year-end valuation exercise. This is driven by softness in its China portfolio and other factors, Lee adds. Morningstar maintains MLT's fair value estimate of S$1.54. Units are 0.8% lower at S$1.26.(amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 23, 2025 00:20 ET (05:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6133","symbol_name":"工业房地产信托","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2505058508","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505058508","pubTimestamp":1737609600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0520 GMT - Mapletree Logistics Trust's units are currently undervalued, says Morningstar analyst Xavier Lee in a note. However, he expects weakness in MLT's China portfolio and higher borrowing costs from refinancing low-cost debt maturing over the next few quarters to weigh on its distribution per unit for Fiscal 2026. MLT's 3Q revenue decline was driven by lower contribution from its China portfolio, Lee notes. He notes that MLT's management expects a \"modest decline\" in the overall portfolio valuation for the upcoming year-end valuation exercise. This is driven by softness in its China portfolio and other factors, Lee adds. Morningstar maintains MLT's fair value estimate of S$1.54. Units are 0.8% lower at S$1.26.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6133":"工业房地产信托","BK6520":"工商业服务概念","BK6512":"房地产股","M44U.SI":"丰树物流信托","BK6082":"工业房地产投资信托","BK6039":"环境与设施服务","NEX.SI":"绿达环球有限公司"},"translate_title":"丰树物流信托2026财年DPU可能会受到中国投资组合的压力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NEX.SI":1,"M44U.SI":0.9},"content_text":"0520 GMT - Mapletree Logistics Trust's units are currently undervalued, says Morningstar analyst Xavier Lee in a note. However, he expects weakness in MLT's China portfolio and higher borrowing costs from refinancing low-cost debt maturing over the next few quarters to weigh on its distribution per unit for Fiscal 2026. MLT's 3Q revenue decline was driven by lower contribution from its China portfolio, Lee notes. He notes that MLT's management expects a \"modest decline\" in the overall portfolio valuation for the upcoming year-end valuation exercise. This is driven by softness in its China portfolio and other factors, Lee adds. Morningstar maintains MLT's fair value estimate of S$1.54. Units are 0.8% lower at S$1.26.(amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 23, 2025 00:20 ET (05:20 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1}}}