Monday, October 18, 2010

* Mapletree Industrial Trust *

Mapletree Industrial Trust: market watchers tip to rise to as much as $0.99 on the first day of trading on Thursday, Oct 21. CIMB notes MIT could fare better than GLP, given strong demand for assets with higher yields in the market. Says MIT’s story is easier to understand as it is a Reit with a visible cash flow and distribution. Says current environment is favorable, given plenty of liquidity looking for high-yield products. MIT touts a prospective yield of 7.6%.

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