Mapletree Logistic, Mapletree Industrial

By Stock Market • March 4, 2013

A continual to our previous discussion "Has Yield become a crowed trade"? In our previous discussion, we discussed about Ascendas REIT. According to valuation metrics on 22 Feb 2013, Ascendas REIT, Mapletree Logistics and Mapletree Industrials are trading above its NAV. In fact, it seem like Industrial REITs are trading relative higher than its NAV. Is it because a case of higher dividend yield for Industrial REITs that has been driving the price up?

Mapletree Logistic continues to trend above the upward sloping support line. While there is price behaviour suggesting the possibility of trending sideways, it may be too early to confirm. However holding above the price level of 1.180 and trading at 1.34x to its NAV does suggest there are investors who are willing to consider it. Perhaps because of the dividend yield of 6%.