SoFi CEO enters prepaid forward contract on 1.5 million shares
On Friday, JPMorgan analysts adjusted their outlook on Mapletree Logistics Trust (MLT:SP) (OTC:MAPGF), downgrading the stock from Overweight to Neutral and reducing the price target to SGD1.15 from the previous SGD1.60. The reevaluation comes amid a change in the company’s capital strategy, which is expected to lead to a decrease in distribution per unit (DPU).
The revised price target reflects a forecasted 8.4% year-over-year decline in the fiscal year 2026 DPU to 7.38 Singapore cents. This anticipated drop is attributed to the cessation of capital top-ups, which the analysts believe will cause short-term challenges for the trust’s financial performance.
JPMorgan commended the CEO of Mapletree Logistics Trust, Ms. Jean Kam, for steering the company towards what they consider a more sustainable path. They anticipate that the market will eventually recognize and reward MLT for its financial prudence.
Despite previously advocating for adding MLT exposure as a hedge in the context of trade war uncertainties, JPMorgan now suggests a more cautious stance. The firm indicates that with DPU already under pressure before any adjustments from trade flows or potential global recession impacts, it may be prudent to observe from the sidelines as MLT’s DPU undergoes a rebase.
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