Mapletree Industrial Trust Likely to Maintain Focus on Data Centers -- Market Talk

Dow Jones

Jan 28, 2025

0551 GMT - Mapletree Industrial Trust is likely to maintain its focus on data centers, UOB Kay Hian's Jonathan Koh says in a research report, as the brokerage retains a buy rating on the unit. The REIT aims to diversify into established data center markets in Asia Pacific and Europe to reduce concentration risk, the analyst notes. Additionally, management plans to expand its scale and strengthen its presence in Japan, where data centers offer positive yield spreads, and yen-based funding would help reduce its debt costs. However, the brokerage raises its risk-free rate assumption for the REIT to 3.00% from 2.75% due to elevated Singapore government bond yields, and lowers the target price to S$2.89 from S$3.05. Units closed 0.5% higher at S$2.15. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 28, 2025 00:51 ET (05:51 GMT)

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The REIT aims to diversify into established data center markets in Asia Pacific and Europe to reduce concentration risk, the analyst notes. Additionally, management plans to expand its scale and strengthen its presence in Japan, where data centers offer positive yield spreads, and yen-based funding would help reduce its debt costs. However, the brokerage raises its risk-free rate assumption for the REIT to 3.00% from 2.75% due to elevated Singapore government bond yields, and lowers the target price to S$2.89 from S$3.05. Units closed 0.5% higher at S$2.15. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 28, 2025 00:51 ET (05:51 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mapletree Industrial Trust Likely to Maintain Focus on Data Centers -- 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 Industrial Trust Likely to Maintain Focus on Data Centers -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-28 13:51</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0551 GMT - Mapletree Industrial Trust is likely to maintain its focus on data centers, UOB Kay Hian's Jonathan Koh says in a research report, as the brokerage retains a buy rating on the unit. The REIT aims to diversify into established data center markets in Asia Pacific and Europe to reduce concentration risk, the analyst notes. Additionally, management plans to expand its scale and strengthen its presence in Japan, where data centers offer positive yield spreads, and yen-based funding would help reduce its debt costs. However, the brokerage raises its risk-free rate assumption for the REIT to 3.00% from 2.75% due to elevated Singapore government bond yields, and lowers the target price to S$2.89 from S$3.05. Units closed 0.5% higher at S$2.15. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 28, 2025 00:51 ET (05:51 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\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":"2506356390","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2506356390","pubTimestamp":1738043460,"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":"0551 GMT - Mapletree Industrial Trust is likely to maintain its focus on data centers, UOB Kay Hian's Jonathan Koh says in a research report, as the brokerage retains a buy rating on the unit. The REIT aims to diversify into established data center markets in Asia Pacific and Europe to reduce concentration risk, the analyst notes. Additionally, management plans to expand its scale and strengthen its presence in Japan, where data centers offer positive yield spreads, and yen-based funding would help reduce its debt costs. However, the brokerage raises its risk-free rate assumption for the REIT to 3.00% from 2.75% due to elevated Singapore government bond yields, and lowers the target price to S$2.89 from S$3.05. Units closed 0.5% higher at S$2.15. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6133":"工业房地产信托","ME8U.SI":"丰树工业信托","BK4224":"工业房地产信托","CFA.SI":"NikkoAM-STC Asia REIT","BK4171":"工业房地产投资信托","BK6512":"房地产股","LYY.SI":"中云集团","BK6082":"工业房地产投资信托","BK6051":"信息科技咨询与其它服务","MAPIF":"Mapletree Industrial Trust"},"translate_title":"丰树工业信托可能会继续关注数据中心——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MAPIF":1,"ME8U.SI":0.9,"LYY.SI":1,"CFA.SI":0.72},"content_text":"0551 GMT - Mapletree Industrial Trust is likely to maintain its focus on data centers, UOB Kay Hian's Jonathan Koh says in a research report, as the brokerage retains a buy rating on the unit. The REIT aims to diversify into established data center markets in Asia Pacific and Europe to reduce concentration risk, the analyst notes. Additionally, management plans to expand its scale and strengthen its presence in Japan, where data centers offer positive yield spreads, and yen-based funding would help reduce its debt costs. However, the brokerage raises its risk-free rate assumption for the REIT to 3.00% from 2.75% due to elevated Singapore government bond yields, and lowers the target price to S$2.89 from S$3.05. Units closed 0.5% higher at S$2.15. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 28, 2025 00:51 ET (05:51 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":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}