Stock Outperform Call: Mapletree by Daiwa!

Mapletree Logistics Ltd may gain after Daiwa Institute of Research raised its rating to "outperform" from "hold" with a price target of 1.08 sgd because it believes the recent selling of the stock was overdone. "We believe Mapletree has many inherent strengths, and that the current trading discount with its peers ignores Mapletree's overseas acquisition opportunities," Daiwa said. "Mapletree has been actively acquiring properties overseas, in many instances leveraging on its close ties with shipping and logistics multi-national corporations that are expanding their operations across Asia," it said.