$Mapletree Log Tr(M44U.SG)🔷 Context:Mapletree Logistics Trust (MLT) remains one of Singapore’s premier blue-chip REITs…
$Mapletree Log Tr(M44U.SG)
🔷 Context:
Mapletree Logistics Trust (MLT) remains one of Singapore’s premier blue-chip REITs. Trading at approximately 0.79x–0.80x its book value with an attractive distribution yield of ~6.6%, its current valuation presents a compelling entry point.
🔷 Trade:
I Initiated a position in MLT at $1.10 last Friday. While the unit price closed slightly lower today at $1.09, I remain comfortable with the position given the solid margin of safety.
🔷Key Takeaways:
Excellent blue-chip quality, strong sponsor backing with a well-diversified pan-Asian logistics portfolio.
At these levels, the risk-reward ratio is highly favourable and I am prepared to DCA if prices dip further. A ~6.6% yield offers a strong spread over safe-haven assets like T-bills(1.9%) and fixed deposits( 1.1%-1.5%).
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