Mapletree Logistics Trust (MLT) Marking Higher
Mapletree Logistics Trust (MLT):
As interest rates peak, REITs are poised to benefit, and MLT is well-positioned to capitalize on the recovering consumption in China and the country's growth policies. The trust is currently offering a dividend yield of approximately 4.7%.
On the technical front, MLT has broken its downtrend line and appears to be consolidating, with potential to trade higher. Our first target is S$1.77, followed by S$2.10 if momentum and fundamentals continue to improve. The Relative Strength (RS) and Fund Flow Index (FFI) indicators are both reading above zero, which suggests increasing demand from investors.
Stop loss below S$1.59