0508 GMT - Mapletree Logistics Trust may continue to face some headwinds, UOB Kay Hian's Jonathan Koh says in a research report. Looming additional U.S. tariffs on China could spur job losses in the country's manufacturing sector, which may hit logistics demand, the analyst says. Management also expects rental decreases in the low teens to continue for another 1-2 quarters, and anticipates rental increases to moderate for Hong Kong and South Korea, the analyst notes. The brokerage lifts its risk-free rate assumption for the REIT to 3.00% from 2.75% due to elevated Singapore government yields. It lowers the unit's target price to S$1.35 from S$1.41 with an unchanged hold rating. Units are unchanged at S$1.26. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 27, 2025 00:08 ET (05:08 GMT)
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